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Chancery Partly Shoots Down Moelis Founder Control Suit

By Jeff Montgomery (February 12, 2024, 10:05 PM EST) -- Global investment bank Moelis & Co. lost much of its bid Monday for summary dismissal of a stockholder suit seeking to invalidate stockholder agreements said to have wrongly ceded board powers to company founder and CEO Kenneth Moelis, Delaware's Court of Chancery ruled late Monday....

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