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Try CasePortal for Free[Consolidated.] Vice Chancellor Glasscock declines to award a $5 million mootness fee after a shareholder failed to prevail in a derivative shareholder action challenging a merger between Oracle and NetSuite in 2016. Oracle appointed two independent directors during the pendency of litigation, but incidentally and not as the aim of the litigation. Thus, the American Rule applies, and each party shall bear their own costs.
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