Client Wins Dismissal of Challenge to Controlled Company's Merger

Skadden represented Schawk Inc. and five of its directors in litigation arising out of its approximately $575 million merger with Matthews International. The plaintiffs alleged that the controlling stockholders and certain members of the board of directors had interests in the merger that diverged from those of minority stockholders. On September 15, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery agreed with the defendants that the allegations in the plaintiffs' second amended complaint did not demonstrate that the controlling stockholders had any interest that diverged from the minority.