X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Tyler O’Connell K. Tyler O’Connell of Morris James.

Disclosure-only settlements of M&A class actions have received increased scrutiny since decisions like the Delaware Court of Chancery’s 2016 Trulia opinion and the U.S. Court of Appeals for the Seventh Circuit’s Walgreens decision from later that year. Those decisions critiqued the then-prevalent practice of stockholder-plaintiffs bringing M&A strike suits and then quickly exchanging broad, classwide releases for supplemental disclosures of questionable value and fee awards to plaintiffs counsel under the “corporate benefit” doctrine. As a result, the path to quickly resolving M&A class actions has shifted toward individual plaintiffs agreeing to dismiss their claims without prejudice to other class members in exchange for supplemental disclosures and mootness fees under the “corporate benefit” doctrine. The U.S. District Court for the District of Delaware’s recent decision in Scott v. DST Systems, (D. Del. Aug. 23, 2019), should be of great interest to parties facing such issues, particularly defendants who wish to moot a disclosure-based lawsuit without paying fees to plaintiffs counsel.

This premium content is locked for
Delaware Business Court Insider subscribers only.

*May exclude premium content
Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.

Law Firms Mentioned

 

Employment LitigationBook

Employment Litigation provides exhaustive procedural guidance on the booming field of employment law. Whether you represent employers or employees, this book will hel...
Get More Information

Women, Influence & Power in Law (WIPL) 2019Event

WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.
Get More Information

Women, Influence & Power in Law (WIPL) 2019Event

WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.
Get More Information

Women, Influence & Power in Law (WIPL) 2019Event

WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.
Get More Information

Perfecting Your Pitch 2019Event

Perfecting Your Pitch supports women in the legal profession by providing a forum for skill enhancement and community building.
Get More Information

Perfecting Your Pitch 2019Event

Perfecting Your Pitch supports women in the legal profession by providing a forum for skill enhancement and community building.
Get More Information

Perfecting Your Pitch 2019Event

Perfecting Your Pitch supports women in the legal profession by providing a forum for skill enhancement and community building.
Get More Information

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.