Delaware Judge Directs Abbott and Alere to Work out Differences

Updated 11:07am EST – Delaware Vice Chancellor Samuel Glasscock Friday morning said that he will agree to Alere’s request for an expedited trial over its troubled merger with Abbott Laboratories, but immediately stayed his ruling and directed the companies to negotiate a settlement on their own.

Alere has asked the Delaware court to compel Abbott to comply with the terms of its $5.4 billion January merger agreement,

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Ed Roberts

Ed Roberts

Ed Roberts began reporting for CTFN in September of 2014. Ed specializes in litigation and regulatory matters. He attended and reported on every major antitrust trial of 2015 and 2016, has covered complex multi-jurisdictional cases such as Fannie Mae/Freddie Mac, and has interviewed senior officials at regulatory bodies such as the FTC. Previously, Ed was a Washington-based reporter covering Congress and Wall Street for a variety of publications for more than two decades. His work has appeared in American Banker, US Banker, National Mortgage News, Payment Source, and the Credit Union Journal, which he co-founded, as well as in numerous daily newspapers. He is a former SEC Bureau Chief for States News Service and is a graduate of Boston University’s School of Public Communication.

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