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Delaware Supreme Court Affirms Dismissal of Claims Against IDT in Straight Path Communications Sale to Verizon
ByAinvest
Wednesday, Dec 3, 2025 2:28 pm ET1min read
The Delaware Supreme Court has affirmed the dismissal of all claims against IDT Corporation related to the sale of Straight Path Communications to Verizon in 2017. The Court of Chancery had previously dismissed the claims, finding no harm to Straight Path shareholders. IDT's CEO said the decision vindicates the company's position that the lawsuit was without merit.
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