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Shareholders Sue Novell Board

Posted by samzenpus on from the take-them-to-court dept.

dgharmon writes "If you thought the deal smelled funny back in 2011 when Novell sold itself to Attachmate and its patents to a Microsoft consortium, you are not alone. Some shareholders sued. Specifically, they claim that Novell favored Attachmate over other bidders, especially a 'Party C', and the judge, under Delaware's reasonable 'conceivability' standard, denied summary judgement with respect to the board and decided there will need to be a trial."

1 of 37 comments (clear)

  1. Microsoft bends rules of Capitalism yet again by Anonymous Coward · · Score: 0, Offtopic

    Microsoft also managed to "acquire" Nokia without investing a cent. Now they can suck them dry and leave the caracass to rot. This is yet another example that free market rules do not apply to Microsoft. They just take companies over by proxy.