A Delaware judge has issued a temporary restraining order against Tyson Foods, restraining the company "from prosecuting or proceeding in any manner whatsoever with the lawsuit filed by Tyson in the Chancery Court of Washington County, Arkansas." Vice Chancellor Leo E. Strine, a judge in Delaware Court of Chancery, reaffirmed his position that Delaware has "exclusive jurisdiction" over legal issues involving Tyson's decision last month to discontinue its purchase of IBP. He rejected Tyson's continued attempts to conduct litigation on the matter in Arkansas by having the restraining order issued today.
USA: Delaware court issues order against Tyson Foods
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