Herefore Provides a Direct Benefit to the Plaintiff
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ARKANSAS TEACHER ) RETIREMENT SYSTEM, on Behalf of ) Itself and All Others Similarly Situated, ) ) Plaintiff, ) ) v. ) C.A. No. 2017-0453-KSJM ) ALON USA ENERGY, INC., DELEK ) US HOLDINGS, INC., DELEK ) HOLDCO, INC., EZRA UZI YEMIN, ) ILAN COHEN, ASSAF GINZBURG, ) FREDEREC GREEN, RON W. ) HADDOCK, WILLIAM J. KACAL, ) ZALMAN SEGAL, MAKR D. SMITH, ) AVIGAL SOREQ, FRANKLIN ) WHEELER, and DAVID WIESSMAN, ) ) Defendants. ) MEMORANDUM OPINION Date Submitted: March 27, 2019 Date Decided: June 28, 2019 Michael Hanrahan, Stephen D. Dargitz, Paul A. Fioravanti, Jr., Corinne Elise Amato, Kevin H. Davenport, Eric J. Juray, PRICKETT, JONES & ELLIOTT, P.A., Wilmington, Delaware; Lee D. Rudy, Michael C. Wagner, J. Daniel Albert, Grant D. Goodhart III, KESSLER TOPAZ MELTZER & CHECK, LLP, Radnor, Pennsylvania; Counsel for Plaintiff Arkansas Teacher Retirement System. David J. Teklits, Thomas P. Will, MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Mark Oakes, William Patrick Courtney, Ryan Metzer, NORTON ROSE FULBRIGHT US LLP, Austin, Texas; Counsel for Defendants Alon USA Energy, Inc., Delek US Holdings, Inc., Delek HoldCo, Inc., Ezra Uzi Yemin, Assaf Ginzburg, Frederec Green, Mark D. Smith, and Avigal Soreq. Raymond J. DiCamillo, Brian F. Morris, Sara C. Hunter, RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; Colin B. Davis, GIBSON, DUNN & CRUTCHER LLP, Irvine, California; Mark H. Mixon, Jr., GIBSON, DUNN & CRUTCHER LLP, New York, New York; Counsel for Defendants David Wiessman, Ilan Cohen, Ron W. Haddock, William J. Kacal, Zalman Segal, and Franklin Wheeler. McCORMICK, V.C. Section 203 of the Delaware General Corporation Law prohibits a stockholder from engaging in a business combination with a company within three years from the date it acquires 15% or more of the company’s outstanding voting equity.
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