The past few years have seen a dramatic spike in M&A litigation, despite an equally dramatic decrease in deal volume after the post-Lehman economic collapse. These days, essentially every corporate merger involving a publicly traded company invites a lawsuit from shareholders claiming that the target corporation's board of directors breached its fiduciary duty by agreeing to sell the company for an unfair price through a tainted process, write Charles W. Schwartz and Daniel E. Bolia.
The M&A Toll Tax
May 14, 2012
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