Maryland Court Rejects Stockholder Challenge to Sale of Terra Industries (with Stephen DiPrima)
Stephen DiPrima and Garrett Moritz
Deal Lawyers.com (July 26, 2010)
Deal Lawyers.com published a memo by Garrett Moritz, and Stephen DiPrima of Wachtell Lipton, regarding the Maryland Circuit Court’s adoption of Delaware law principles in the course of throwing out a stockholder suit that alleged that the directors of Terra Industries had breached their fiduciary duties in connection with Terra's agreement to merge with CF Industries. In re Terra Industries, Inc. Shareholder Litigation, No. 24-C-10-001302 (Md. Cir. Ct. July 14, 2010).
