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Edward Micheletti, Bonnie David, and Alexis Wisely From left, Edward Micheletti, Bonnie David, and Alexis Wisely, of Skadden, Arps, Slate, Meagher & Flom.

Over the last several years, Delaware corporate law practitioners have traced numerous legal developments that dramatically reduced the injunction practice that dominated M&A litigation in Delaware for nearly three decades, changing the development of Delaware disclosure law jurisprudence. Corporate law practitioners formerly benefited from a near-constant stream of judicial rulings resolving motions for expedited proceedings, expedited discovery and preliminary injunctions that focused, in part, on disclosures issued to stockholders in connection with mergers and other transactions. Those decisions generated a quick-paced, iterative body of case law that continually updated practitioners and transaction participants on the court’s current thinking on disclosures, and enabled the court to address disclosures to stockholders on a “real-time” basis.

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