For the second time in recent weeks, a New York state judge has rejected a “disclosure-only” shareholder settlement of litigation over a merger deal. In a Jan. 7 ruling, Judge Shirley Kornreich lashed out at the tactics of a plaintiffs firm and rejected a proposed agreement to resolve claims over Martin Marietta Materials Inc.’s $2.7 billion acquisition of Texas Industries Inc.

The decision come less than a month after Judge Melvin Schweitzer refused to approve a settlement that would have ended litigation over Verizon Communication Inc.’s $130 billion purchase of Vodaphone Group plc’s interest in Verizon Wireless.

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