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: Delaware Corporate and Commercial Litigation BlogChancery Court Hears Injunction Motion in Genentech/Roche Imbroglio
By Francis G. X. Pileggi, Esq.
A hearing on a motion for an injunction is now being held in the Delaware Chancery Court in the tug-of-war between Genentech and Roche, and one can watch the proceedings live online via www.courtroomview.com
Here is an article with background details on the dispute.
UPDATE: The court intimated at about 3:30pmEST that "at this early stage of the tender offer" it was unlikely that, based on what was before it so far, that there was a sufficient basis for it to enjoin the tender offer. In addition, the parties told the court that they would try to work out a resolution or provide additional details on "unclear facts" before the court could make a formal, final ruling.
Full post as published by Delaware Corporate and Commercial Litigation Blog on March 09, 2009 (boomark / email).
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