What does this mean in terms of the takeover with the court ruling?
"Judge David Carter said the U.S. District Court for the Central District of California "would be reluctant to create a precedent that allows corporations to demand at will the immediate attention and input of the federal courts in order to resolve intra-corporate disputes that might be better left to the dynamic free market or to the state court."
"But on Thursday, a judge ruled against expediting Allergan’s case against Valeant, and declined to state that the special meeting could not proceed while the litigation is pending. Instead, the judge in the case essentially punted the issue to Delaware, saying that Allergan’s bylaws didn’t make it clear that a special meeting could not be held before a case is resolved."
