Law360, Wilmington (March 1, 2016, 9:47 PM EST) -- Merrill Lynch told Delaware’s Supreme Court on Tuesday that a shareholder challenge to the $690 million Signet-Zale jewelry store merger of 2014 “never should have been brought,” and that undisputed facts stand in the way of any resurrection of the case.The comments were part of the investment company’s latest answer to a shareholder group’s Supreme Court appeal, filed late last year after Chancery Court tossed class claims that Zale’s board and Merrill Lynch both were conflicted and compromised in the runup to the $21 per share Signet offer for Zale.In the Chancery Court case, the shareholder group argued that... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Merrill ##tone is fighting the possibility of a shareholder challenge to the $ 690 m Signet - Zale grocery store case of 2014 in a federal Supreme court , stating the case should " never have been brought " , and that the undisputed facts stand in the making a determination of the lawsuit .