Delaware Chancery dismisses all claims against IDT in Straight Path class action; no damages found

IDT CORP

Court dismissed all claims against IDT, finding the class suffered no damages.
Lawsuit alleged IDT aided in an unfair settlement during Straight Path's 2017 sale to Verizon for $3.1B.
Vice Chancellor Glasscock ruled the settlement exceeded the value of claims; no harm to stockholders.
Plaintiffs have 30 days from final order to appeal to the Supreme Court of Delaware.
IDT CEO Shmuel Jonas expressed satisfaction with the resolution of years-long litigation.

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