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Robbins Geller and Co-Counsel Prevail at Trial on Behalf of Former Rural/Metro Corp. Shareholders

March 10, 2014

In a March 7, 2014 post-trial opinion, Vice Chancellor Laster held RBC Capital Markets, LLC liable to former Rural/Metro Corp. shareholders for aiding and abetting the Board of Directors’ breaches of the duty of care and the duty of disclosure.  Specifically, the opinion determined that RBC Capital Markets, LLC’s conflicts of interest tainted the $438 million buyout of Rural/Metro Corp. and the national ambulance service’s former investors deserved more for their shares.

Additional coverage of the shareholders’ trial victory is available here

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