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Del. High Court's Opt-Out Ruling Won't Impact Future Settlements, Analysts Say
The Delaware Supreme Court has reversed a portion of a 2012 Delaware Court of Chancery decision and, in doing so, granted a plaintiff the right to opt out of a class action settlement reached between two defendants and the shareholders of one of the defendants. Although some have alleged that the decision could make it more difficult for corporations to end litigation, two legal analysts say the Supreme Court's ruling will not have a major impact on future shareholder litigation because facts in the case before the high court were unique and unlikely to be duplicated.Supreme Court's Opt-Out Ruling Will Not Likely Impact Future Settlements, Analysts Say
The Delaware Supreme Court has reversed a portion of a 2012 Delaware Court of Chancery decision and, in doing so, granted a plaintiff the right to opt out of a class action settlement reached between two defendants and the shareholders of one of the defendants. Although some have alleged that the decision could make it more difficult for corporations to end litigation, two legal analysts say the Supreme Court's ruling will not have a major impact on future shareholder litigation because facts in the case before the high court were unique and unlikely to be duplicated.Courts search for class certification 'fail safe' factor
Increasingly, they are stressing the necessity of ascertaining who the actual plaintiffs are.Davis, Schaeffer lead in COA funds
While partisan campaigns are peaking toward Tuesday's primary, hopefuls for statewide judicial posts have been quietly collecting contributions for their November contests.Two candidates for the Court of Appeals have each raised more than $100,000 by the end of June, when disclosure reports to the State Ethics Commission were due.Crackdown on Failure to Disclose Executive Pay in Proxy Statements
With executive compensation abuses by the likes of Enron and Tyco still fresh in the public's mind, the Third U.S. Circuit Court of Appeals appears to be taking a stricter approach to corporate disclosure rules.Corporate Transparency Act Resource Kit
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