Smart Local Unions and Councils Pension Fund v. BridgeBio Pharma, Inc.

• Court: Supreme Court of Delaware
• Decided: August 9, 2023
• Docket: 13, 2023
• Status: Published

Opinion

IN THE SUPREME COURT OF THE STATE OF DELAWARE

SMART LOCAL UNIONS AND § COUNCILS PENSION FUND, on § behalf of itself and all other similarly § situated former stockholders of § No. 13, 2023 EIDOS THERAPEUTICS, INC., § § Plaintiff Below, § Court Below—Court of Chancery Appellant, § of the State of Delaware § v. § § C.A. No. 2021-1030 BRIDGEBIO PHARMA, INC., § NEIL KUMAR, ALI SATVAT, and § UMA SINHA, § § Defendants Below, § Appellees. §

Submitted: July 26, 2023 Decided: August 9, 2023

Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW and GRIFFITHS, Justices, constituting Court en Banc. ORDER

This 9th day of August 2023, after careful consideration of the parties’ briefs

and the record below, and after oral argument, we find it evident that the judgment

of the Court of Chancery should be affirmed on the basis of and for the reasons stated

in its Memorandum Opinion dated December 29, 2022. NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of

Chancery is AFFIRMED.

BY THE COURT:

/s/ Collins J. Seitz, Jr. Chief Justice