Shareholder Class Action

     Directors of Republic Services should consider accepting Waste Management’s $6.9 billion buyout offer instead of a merger with Allied Waste, shareholders claim in Delaware Chancery Court. They say the all-cash offer of $34 per share is the better deal, while the merger would saddle the new company with debt.

     Roche Holdings has offered to buy the outstanding shares of Genentech for $89 per share, an offer well below their estimated value of $100 per share, shareholders claim in two class actions in Delaware Chancery Court.
     TeleTech directors granted themselves excessive stock options and manipulated the grant dates, diverting millions of dollars from the company, according to a shareholder derivative complaint in Delaware Chancery Court.

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