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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/

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