Document: In re: TD Banknorth S’holders Litig., C.A. No. 2557-VCL, Lamb, V.C. (Del. Ch. July 19, 2007)
The Court disapproved of a proposed class action settlement where it found that the plaintiffs were unreasonable in their decision not to prosecute claims of violations of a stockholders’ agreement, and that the settlement notice and consideration were inadequate.