Cases & Deals

Special Committee of the Board of Directors of MoneyGram International defeats motion for preliminary injunction seeking to block recapitalization of MoneyGram

Clients Special Committee of the Board of Directors of MoneyGram International Inc.

Jones Day represents the Special Committee of the Board of Directors of MoneyGram International Inc. in a lawsuit brought by three shareholders challenging a recapitalization of MoneyGram. The plaintiff shareholders sought a preliminary injunction to block a shareholder vote to approve the recapitalization transaction in May 2011. Following extensive briefing and a hearing, Vice Chancellor Laster denied the motion for preliminary injunction, and the shareholder vote went forward and resulted in approval of the recapitalization.

Willie Pittman, et al. v. J. Coley Clark, et al., C.A. No. 6387-VCL (Del. Ch.)

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.