Investor Asks Supreme Court To Consider Opt-Outs In Shareholder Settlements

(August 28, 2024, 8:53 AM EDT) -- WASHINGTON, D.C. — An investor in a movie theater chain tells the U.S. Supreme Court that the Delaware Supreme Court was wrong to affirm a settlement between the chain and other investors because the settlement contained no opt-out clause for objecting investors such as herself; the investor says that the case provides the ideal vehicle to solve a circuit split over such opt-out clauses....