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Stradling

Ceradyne Secures Favorable Settlement in Multiple Class Actions Relating to its $860 Million Acquisition by 3M

Ceradyne, Inc.
  • Orange County Superior
  • ,
  • Delaware Court of Chancery

Represent Ceradyne, Inc and certain director defendants in four class action lawsuits relating to 3M’s $860 million acquisition of Ceradyne.

After the Delaware Court of Chancery Court denied plaintiff’s motion for expedited discovery because plaintiffs did not present a colorable claim, the matter settled on favorable terms allowing the transaction to close for the benefit of Ceradyne’s shareholders.