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Actionable news in VTR: VENTAS Inc,

IRA FBO Victoria


Ventas,Inc., et al.

, C.A. No.11331-CB (Del. Ch.), alleging that the adoption of what Plaintiff referred to as a Proxy Put or Dead Hand Proxy Put in the Companys Credit and Guarantee Agreement, dated as of October18, 2011, as amended and restated on December9, 2013 (the Credit Agreement), constituted a breach of the Boards fiduciary duty. The complaint also named as defendant Bank of America Corp., as administrative agent under the Credit Agreement, and alleged that Bank of America had aided and abetted the Boards supposed breach of fiduciary duty. Among other things, Plaintiff sought a declaration that the so-called Proxy Put was invalid, unenforceable, and severable from the Credit Agreement. The Company and the Board deny completely...