The Delaware Court of Chancery, in In re Expedia Group Stockholders Litigation, C.A. No. 2019-0494-JTL (consol.), order (Del. Ch. Jan. 9, 2020), stayed claims challenging agreements in connection a proposed merger purporting to provide Expedia’s chairman with voting control of the company and precluding common stockholders from voting on the transaction pending investigation by a Special Litigation Committee.
$$$ Law360 discusses the ruling in Expedia Chancery Suit Paused Amid $2.6B Deal Probe. In re Expedia Group Stockholders Litigation, C.A. No. 2019-0494-JTL (consol.), order (Del. Ch. Jan. 9, 2020).