Mergers & Acquisitions
Feb. 12, 2016
Delaware court's disapproval of disclosure-only settlements causing plaintiffs pause
According to a recent UC Berkeley study, the number of transaction stockholder suits filed in Delaware fell from roughly 95 percent in 2014 to 87 percent last year. But the plaintiffs' bar hit the brakes hard in the fourth quarter of 2015, filing on just 21.4 percent of the deals involving Delaware companies.
Daily Journal Staff Writer
The Delaware Court of Chancery's assertive policing of disclosure-only settlements stemming from takeover litigation in recent months has chilled the plaintiffs' bar.
According to a recent study, stockholder suits in Delaware were filed in 87 percent of all transactions last year, a decline from 95 percent in 2014. But the plaintiffs' bar hit the brakes hard in the fourt...
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