With Attila Bodi, Attila Bodi, Ruchir Patel, Ruchir Patel, Ruchir Patel, Ruchir Patel
In Consolidated Edison, Inc. v. Northeast Utilities, the U.S. Court of Appeals for the Second Circuit recently held that stockholders of Northeast Utilities (NU), the target company in a failed merger, have no right as third-party beneficiaries to sue Consolidated Edison, Inc. (CEI), the acquiring company, for lost premium damages.