Daily Archives: February 16, 2018, 8:35 am

N.Y. judge rejects ‘worthless’ disclosure-only deal in M&A class action

If you thought the New York state appeals court assured the future of the M&A plaintiffs’ bar last year when it bucked Delaware precedent and said shareholder lawyers deserve to be awarded fees for forcing defendants to cough up minimally useful new disclosures, you’d better read a new opinion by New York State Supreme Court Justice Shirley Kornreich, who rejected…

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