Two rejections by the Delaware Court of Chancery last week, on the same day, of two separate proposed settlements of two unrelated class actions challenging a merger, were reported by The Chancery Daily , Professor Bainbridge and Alison Frankel of Thomson...
Frank v. Elgamal , C.A. No. 6120-VCN (Del. Ch. Mar. 10, 2014) [ an enhanced version of this opinion is available to lexis.com subscribers ].
Why this case is noteworthy : For many readers, this 94-page decision on a motion for summary judgment is useful...
One of the great curses of the corporate litigation environment in recent years has been the proliferation of merger objection suits, the incidence of which has gotten to the point that now just about every large merger deal draws at least one lawsuit...
There seems to be a general consensus that the amount of
M&A-related litigation is increasing. The question of how to quantify the
increase has attracted quite a bit of attention lately. In a recent
post , I previewed a forthcoming report from...
In a prior post ( here ),
I examined the mounting problems associated with the increasing levels of
M&A-related litigation. A recent academic paper takes a closer look at
these issues and concluded, among other things, that M&A-related lawsuit...
One of the most distinctive trends in corporate and
securities litigation in recent years has been the
rise in litigation related mergers and acquisition activity . Cornerstone Research's
most recent year-end litigation filing study , released...
During last week's PLUS D&O Symposium, several of the
panels discussed the problems surrounding the current onslaught of
M&A-related litigation - and appropriately so, as the surging levels of
M&A litigation is one
of the most distinct...
In their paper "A Great Game: The Dynamics of State
Competition and Litigation" ( here ),
Ohio State Law Professor Steven Davidoff and
Notre Dame Finance Professor Matthew
Cain analyzed the M&A related litigation during the period 2005...
The fact that these days virtually every public company M&A transaction draws at least one merger objection lawsuit has provoked concern from many quarters. As I noted in a prior post , it recently became clear that among those concerned are the judges...
According to the latest report from Cornerstone Research, during 2014, over 90 percent of M&A transactions resulting in at least one lawsuit, but each deal attracted a smaller average number of lawsuits and in fewer jurisdictions than in past years...
It is now well-established that pretty much every M&A deal attracts at least one lawsuit from a shareholder objecting to the transaction. According to research by Notre Dame business professor Matthew Cain and Ohio State law professor Steven Davidoff...