Salix Pharmaceuticals, et al. v. Chappel, et al.

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IN THE SUPREME COURT OF THE STATE OF DELAWARE SALIX PHARMACEUTICALS, LTD. STOCKHOLDER LITIGATION § § § ROBERTA FEINSTEIN and REX § GONSALVES, § § Plaintiffs Below § Appellants, § § v. § § JOHN F. CHAPPELL, THOMAS W. § D’ALONZO, WILLIAM P. KEANE, MARK A. § SIRGO, VALEANT PHARMACEUTICALS § INTERNATIONAL, INC., VALEANT § PHARMACEUTICALS INTERNATIONAL, and § SUN MERGER SUB, INC., § § Defendants Below, § Appellees. § No. 308, 2016 Court Below: Court of Chancery of the State of Delaware C.A. No. 10721-CB Submitted: January 25, 2017 Decided: January 26, 2017 Before STRINE, Chief Justice; HOLLAND and SEITZ, Justices. ORDER This 26th day of January 2017, it appears to the Court that the judgment of the Court of Chancery should be affirmed for the reasons stated in its May 19, 2016 bench ruling. NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is hereby AFFIRMED. BY THE COURT: /s/ Leo E. Strine, Jr. Chief Justice 2

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