In a video interview produced by The Deal, David Hennes, co-head of the firm’s Corporate and Securities Litigation practice, discusses his representation of Deutsche Bank as lead trial counsel in litigation involving Dole Food Company, Inc. in the Delaware Court of Chancery. The litigation stemmed from a going private transaction in which David Murdock bought the remainder of Dole’s outstanding stock that he did not already own in a deal that closed in late 2013. Following a multi-week bench trial, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery found that Deutsche Bank was not liable to Dole’s stockholders for aiding and abetting a breach of fiduciary duty. The plaintiff had sought more than $600 million in damages.
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