Diamondback Board Conflicted In OK'ing $26B Deal, Suit Says

By Sydney Price (February 29, 2024, 6:30 PM EST) -- Shareholders of Diamondback Energy Inc. have hit the company and its directors in Delaware's Chancery Court with a proposed class action, claiming its board members wrongfully voted in their own self-interest when approving Diamondback's $26 billion acquisition of another energy company with terms that will give the board members control over their reelection....

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