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Zayo Shareholders' $27M Settlement Gets Chancery's OK

Law 360

Zayo Group Holding Inc. shareholders who sued over the communications infrastructure company's $14.3 billion take-private merger in 2019 settled their class litigation Wednesday with the Delaware Chancery Court's approval of a $27.1 million cash settlement.

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Zayo CEO Packed Board Ahead Of $14B Deal, Chancery Told

Law 360

Stockholder attorneys told a Delaware vice chancellor Wednesday that the CEO of international communications infrastructure provider Zayo Group Holdings Inc. effectively packed the company's board ahead of an allegedly undervalued but personally beneficial $14.1 billion go-private deal.