Judge dismisses Morton's shareholder suits

07/25/2013 | Bloomberg

Delaware Chancery Judge Leo Strine threw out shareholder lawsuits against directors of Morton's Restaurant Group, which alleged that the $116.6 million price tag on the sale to Landry's was too low. "The court recognized that there isn't wrongdoing in every instance where a public company is acquired," Steve Scheinthal, Landry's general counsel.

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