Mergers & Acquisitions
Jan. 23, 2015
Twist on merger litigation: paid too much?
Shareholder lawsuits alleging too-low merger transactions are all too familiar. But in a new twist, plaintiffs have now sued on behalf of an acquirer, claiming that the company paid too much. By Amy S. Park and Richard S. Horvath Jr.
Shareholder lawsuits challenging merger transactions are all too familiar. The latest development in this corporate world epidemic came last week with the recently announced settlement of In re Freeport-McMoRan Copper & Gold Inc. Derivative Litigation, C.A. No. 8145-VCN, pending before the Delaware Court of Chancery.
The plaintiffs in Freeport challenged the acquisition of McMoRan Explora...
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