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CITY TRADING FUND v. NYE

651668/14, 2316A, 2316.

144 A.D.3d 595 (2016)

2016 NY Slip Op 08002

43 N.Y.S.3d 21

CITY TRADING FUND et al., Appellants, v. C. HOWARD NYE et al., Respondents.

Appellate Division of the Supreme Court of New York, First Department.

Decided November 29, 2016.

As a result of the proposed settlement, the shareholders obtained a number of additional disclosures reflected in the supplemental proxy statement, including disclosures of additional information regarding the investment banks' conflicts of interest and the projections upon which they relied in rendering their fairness opinions, that were arguably beneficial (see West Palm Beach Police Pension Fund v Gottdiener, 2014 NY Slip Op 32777[U], *7-8 [Sup Ct, NY County 2014...

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