Andrews & Springer LLC Defeats Motions to Dismiss Claims Against General Electric and Certain Directors of Baker Hughes
On October 8, 2019, the Delaware Court of Chancery denied, in part, motions to dismiss derivative breach of fiduciary claims filed by Baker Hughes stockholders which accused the Company’s controlling stockholder, General Electric, of using its influence to pursue conflicted transactions with the Company to funnel cash to itself while General Electric was enduring a well-publicized liquidity crisis.
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