Appraisal Rights

OCTOBER 17, 2018

Earlier this year, a Florida appeals court adopted the Trulia decision from Delaware – In re Trulia, Inc. Trulia presented a new reality that such settlements would not be approved. As the authors of the linked article observe, post-Trulia, appraisal claims increased. Stockholder Litigation , 129 A.3d 3d 884 (Del.

Appraisal 40

Appraisal 40

Shephard Mullin M&A

JULY 17, 2023

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. 2015); C&J Energy Services, Inc.

52

52

Reynolds Holding

MAY 2, 2024

Akorn Inc., 1 mapped out one means by which a court may evaluate mootness fees paid to individual shareholders after the voluntary dismissal of an action challenging a public company merger. Instead, companies typically settle these suits by agreeing to additional “correcting” disclosures and paying plaintiffs’ counsel a modest fee.

Compliance 45

Compliance 45

Cooley M&A

JANUARY 24, 2020

Be prepared for regulatory review of any tech deal – regardless of how a company may currently define the relevant competitive market. While In re Trulia, Inc. The overwhelming majority of these cases are resolved pre-close, with the target company filing supplemental disclosures with the SEC. Key takeaway? Data Privacy.

Compliance 40

Compliance Technology Marketability 40

Reynolds Holding

MARCH 27, 2023

We examine developments in federal securities litigation involving special purpose acquisition companies. This figure is significantly lower than in 2016, when the Delaware Court of Chancery effectively put an end to the practice of disclosure-only settlements in In re Trulia Inc. Stockholder Litigation , 29 A.3d 3d 884 (Del.

Technology 59

Technology Start-ups Compliance Finance 59