Tag Archives: declaratory relief

Delaware Supreme Court Allows Opt-Out Right in Securities Case Certified on Equitable Grounds

By Frank Oliva on January 15, 2013 Posted in Securities

In In Re Celera Corporation Shareholder Litigation, No. 212, 2012 (Del. Dec. 27, 2012), the Delaware Supreme Court reversed the lower Court of Chancery and ruled that a large holder of Celera Corporation (“Celera”) shares must permitted to opt out of a shareholder class action settlement relating to the company’s sale to Quest Diagnostics, Inc. … Continue Reading