🔴 Cloudflare is trading at 4.76% down today after judge approved an appeal of restructuring pause

Cloudflare is trading 4.76% down now at $260.60 after a Delaware judge approved an appeal of the ruling that paused its stock restructuring.

• The judge cited concerns about whether the board acted in good faith, keeping uncertainty around the transaction in focus.
• Bloomberg Law reported the appeal ruling on November 3; the decline is notable against the report of broad market gains on November 4.