Fiduciary Duty, Supplemental Disclosures

Eleventh Circuit Overturns Dismissal of Cryptocurrency Ponzi Scheme Class Action Suit

Goodwin on 3/9/2022

IN THIS ISSUE - Eleventh Circuit Overturns Dismissal of Cryptocurrency Ponzi Scheme Class Action Suit; Federal Court of Appeals Dismisses Leading Fannie Mae and Freddie Mac Shareholder Lawsuits; NY Seeks Blockchain...more

The End of Disclosure-Only Settlements in Securities Class Actions?

BakerHostetler on 11/21/2016

After nearly a decade of prominence, disclosure-only settlements may be going extinct. These settlements occur in class action cases arising from the announcement of a merger or acquisition. The plaintiff class alleges that...more

Taming the Bull Rider: Chancery Court Reining in Mootness Fee Awards in Merger Litigation

Proskauer - Minding Your Business on 9/14/2016

Last month, the Delaware Chancery Court drastically reduced – from $275,000 to $50,000 – a mootness fee award requested by plaintiffs’ counsel in a lawsuit challenging the merger between PayPal and Xoom Corporation, finding...more

Seventh Circuit Adopts Trulia Standard for Disclosure-Only Settlements

Proskauer - Corporate Defense and Disputes on 8/18/2016

Last week, in an opinion authored by Judge Richard Posner, the U.S. Court of Appeals for the Seventh Circuit rejected a proposed class-action settlement arising from Walgreen Co.’s acquisition of the Swiss-based pharmacy...more

Court of Chancery Awards Mootness Fee for “Helpful” Supplemental Disclosures

Morris James LLP on 8/10/2016

The Court of Chancery’s highly-publicized decision in In re Trulia, Inc. Stockholders Litigation, 129 A.3d 884 (Del. Ch. 2016) (Bouchard, C.) (discussed here) took aim at the problem of disclosure-only settlements and...more

"Court of Chancery Continues to Clarify Views of Disclosure-Based Deal Litigation Settlements"

Skadden, Arps, Slate, Meagher & Flom LLP on 5/21/2016

As previously discussed in Insights: The Delaware Edition, throughout the second half of 2015, the Delaware Court of Chancery began to question its long-standing practice of approving deal litigation settlements involving...more