Chancery's Carvana Suit Toss Shows Special Committee Value

By Jody Barillare, Brian Morris and Brian Loughnane (April 25, 2024, 4:57 PM EDT) -- On March 27, in In re: Carvana Co. Stockholders Litigation, the Delaware Court of Chancery followed the special litigation committee's recommendation and dismissed a stockholder complaint alleging that the company's controlling stockholders enriched themselves through a direct offering by acquiring shares at a depressed price....

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