OPINION GRANTING AND DENYING MOTIONS FOR JUDGMENT ON THE PLEADINGS
ALVIN K. HELLERSTEIN, District Judge.
This case centers on a recurring debate in corporate governance, namely the balance of power between a corporation and its shareholders. Sovereign Bancorp Inc., a banking corporation incorporated under Pennsylvania law ("Sovereign"), finds itself locked in a battle for control with its largest shareholder, Relational Investors, LLC ("Relational...
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