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Browse: Home / 2018 / February / 16 / N.Y. judge rejects ‘worthless’ disclosure-only deal in M&A class action

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

By Securities Docket on February 16, 2018, 8:35 am

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 a disclosure-only settlement that included a $500,000 fee for plaintiffs’ lawyers.

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

Posted in Class Actions, Top | Tagged M&A Cases, Settlements

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