The Delaware Court of Chancery, in In re Baker Hughes, Inc. Merger Litigation, C.A. No. 2019-0638-AGB (consol.), memo. op. (Del. Ch. Oct. 27, 2020), dismissed claims defendant officers who stood to receive change-in-control payments through a merger breached their fiduciary duties by approving the transaction but allowed disclosure claims against one defendant to stand.
NEW: Frank Reynolds discusses the decision in Chancery says only Baker Hughes CEO is still on the hook for disclosures in merger with GE Oil & Gas.
Reuters discusses the decision in Delaware court axes Baker Hughes shareholder claims over GE merger.