This action, brought by Alliance Data Systems Corp., is to determine whether Blackstone Partners need to make good on a $7.8 billion merger promise to a credit card processing company. This suit seeks to compel Blackstone to merge.
Outcome: The Supreme Court of Delaware affirmed the Chancery Court's dismissal.
http://court.state.de.us/opinions/(mxudqr45xexch445nzclrz3l)/download.aspx?ID=123260
Recording Disclaimer: This proceeding was recorded in full.