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No Jurisdiction Over Controlling Shareholder Despite Lock-Up Agreement, Del. Court Says

2 February 2007
Mayer Brown Article
02 February 2007 - An electronics company's foreign controlling shareholder is not subject to personal jurisdiction in a lawsuit over whether it should vote for or against a merger, even though the controlling shareholder signed a voting or lock-up agreement that contained a consent to Delaware jurisdiction, the Delaware Chancery Court ruled Feb. 2

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