Chancery Dismisses Carvana Shareholders' Stock Offer Suit

By Leslie A. Pappas (March 28, 2024, 2:02 PM EDT) -- Delaware's Court of Chancery has dismissed a derivative suit from stockholders of online used car retailer Carvana who sued the company's founders over a $600 million direct stock offering, finding that a two-person special litigation committee that the company created to investigate the matter had done its job properly....

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