Validus, which bid on Transatlantic before Warren Buffett waded into the process, sued Transatlantic for breach of fiduciary duty in connection with its negotiations with other bidders.
Does a target have a fiduciary duty to a bidder?  No.  But Validus sued as a stockholder based on the shares it acquired in anticipation of a transaction (shares are cheaper before a bid is announced).
It’s a tough argument, however, because Buffett’s bid for Transatlantic is much higher than Validus’ bid, making it an odd case to bring for the stockholders’ benefit.
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