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Oct. 16, 2015
Courts leery of no-money settlements
The Delaware Court of Chancery's decision to quash a settlement last week sent a strong signal that the nation's go-to forum for corporate legal disputes might be setting stricter ground rules for how plaintiffs' and defense attorneys resolve shareholder claims in the wake of a merger or acquisition.
Daily Journal Staff Writer
The Delaware Court of Chancery's decision to quash a settlement last week sent a strong signal that the nation's go-to forum for corporate legal disputes might be setting stricter ground rules for how plaintiffs' and defense attorneys resolve shareholder claims in the wake of a merger or acquisition.
The five-member court has grown steadily more concerned about the formulaic process of so-calle...
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