Shareholders Claim Gannett Merger Shrouded in Darkness

Mass-media company Gannett Co. Inc. is set to be bought by New Media Investment Group creating a dominant force in print and digital news, but a class action lawsuit seeks to block the deal alleging that crucial information was withheld from investors in statements filed with the U.S. Securities Exchange Commission.

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Vice Chancellor Dismisses Shareholder Claim against CEO for Alleged Compensation Conflict in $18B Merger

(CN) – The Delaware Chancery Court dismissed a class action in its entirety after shareholders failed to state a claim for breach of fiduciary duty in challenging an $18 billion merger between Tower Watson & Co. and Willis Group Holdings PLC because of a potential conflict in the compensation of Tower’s CEO.

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