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Chancery Addresses 'Merger Tax' Concerns Over $1M Fee Bid

Law 360 M&A

million fee and expense request by attorneys for Magellan Health Inc. shareholders down to $75,000, saying a "modest fee award" was necessary because the company mooted the issue at stake. The Delaware Chancery Court on Thursday explained in detail a prior bench ruling that cut a $1.1

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Magellan Investor's Attys Seek $1.1M Fee In Centene Deal Suit

Law 360 M&A

million "mootness fee," arguing that their work to resolve a class action against Magellan Health Inc. benefited shareholders in the managed health care company who were allegedly short-changed when it merged with Centene Corp. Two law firms have asked the Delaware Court of Chancery for a $1.1

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Magellan Health Blasts 'Bravado' Of Fee Bid In Chancery Case

Law 360 M&A

Magellan Health Inc. million fee award in a mooted shareholder suit over the company's merger with Centene Corp., has asked the Delaware Chancery Court to reject a bid by two law firms for a $1.1 arguing they should get no more than $125,000.

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Delaware Court of Chancery Clarifies Heightened Standard for Recovery of Attorneys’ Fees in Disclosure-Based Deal Litigation

Shephard Mullin M&A

Magellan Health, Inc. , In particular, Anderson analyzed the history of disclosure-based deal litigation in Delaware and the Court’s evolving standard for awarding fees where shareholder action has caused a company to issue additional pre-merger disclosures “mooting” pending deal litigation. 2014), and In re Trulia, Inc.

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Davis Polk Discusses Biden’s Executive Order on Competition, One Year Later

Reynolds Holding

In a no-poach case, a jury acquitted kidney dialysis company DaVita and its former CEO on all counts. Billion Vertical Acquisition of Aerojet Rocketdyne Holdings Inc. UnitedHealth Group, Inc. and Change Healthcare Inc. ; (3) U.S. S&P Global Inc., Lactalis and The Kraft Heinz Company ; (6) U.S.