Mergers & Acquisitions
Feb. 2, 2012
Among litany of M&A lawsuits, little to show
As lawyers compete nationwide to bring shareholder lawsuits over mergers, it's a race to the bottom. A review of M&A litigation shows the cheapest, broadest deal often wins out and forum shopping is on the rise.
Daily Journal Staff Writer
When attorney Randall Baron filed a class action challenging the $438 million private equity buyout of Rural/Metro Corp. in 2011, he never expected his main opponent would be other plaintiffs' lawyers. But after another law firm was appointed lead counsel, Baron watched the case settle - not for a handsome reward on behalf of investors, but for what he and his team described in court documents as a "h...
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