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
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