X
02Jul

District Court Judge Rejects M&A Mootness Fee Settlement As A “Racket” That “Must End”

Seyfarth Synopsis: Following Delaware’s lead in Trulia, an Illinois District Court judge refused to approve a mootness fee settlement as “worthless to the shareholders.” The judge noted that such settlements amounted to a plaintiffs’ bar “racket”...
By: Seyfarth Shaw LLP
Source Url: https://www.jdsupra.com/legalnews/district-court-judge-rejects-m-a-55556/

Related

NLRB Issues New Final Rule on Joint Employers

Summary - This week, the National Labor Relations Board (NLRB/Board) issued a new rule effectively ...

Read More >

Employers May Require Confidentiality During Ongoing Disciplinary Investigations and Prohibit Use of Company Equipment for Nonbusiness Purposes

Overruling Obama-era precedent, on December 17 the National Labor Relations Board (Board) published ...

Read More >

Straightening Their Tenant’s Ties: Retail Property Owners Are Buying Distressed Retailers Out of Bankruptcy

Since the early days of the COVID-19 crisis in the U.S., it has been a recurring theme to turn on th...

Read More >

Employee dismissed for discussing their religious beliefs at work – can it ever be fair?

Employers are usually advised to exercise extreme caution where an employee's religion or beliefs ar...

Read More >

Bird Is the Word: US Fish & Wildlife Service Proposes Narrow Interpretation of Migratory Bird Treaty Act

The U.S. Fish and Wildlife Service issued a proposed rule on January 30, 2020, that narrowly interpr...

Read More >

FTC Sues to Block Methodist Le Bonheur-St. Francis Transaction

On November 12, 2020, the Federal Trade Commission (FTC) sued to block the acquisition of two Memphi...

Read More >