Here comes the shareholder litigation – The Deal Pipeline

According to a study done by Cornerstone Research and Robert Daines, a professor at Stanford Law School, “almost every acquisition over $100 million” announced last year attracted multiple lawsuits by target shareholders, who rarely received additional compensation as a result….

But what can’t be denied is that shareholder litigators have bellied their way up to the M&A table, where all parties involved in a transaction — financial and legal advisers, accountants and public-relations firms, writers of fairness opinions, experts in due diligence and post-merger integration — gather to divide up the fees. It’s unlikely they’ll be persuaded to leave anytime soon.

via Here comes the shareholder litigation – The Deal Pipeline