Chancery Court Ups Ante For 'First Filers'

Law360, New York (October 13, 2010, 12:54 PM EDT) -- With proposed settlements under more scrutiny and the newest vice chancellor already cracking down on post-merger shareholder class actions, plaintiffs attorneys may think twice before filing those suits in the Delaware Court of Chancery, say attorneys who practice before the court.

The Chancery Court, a hub for major corporate matters, has long been a favorite of plaintiffs attorneys, who are often looking to score a quick settlement from their post-merger stockholder claims.

But in recent years, the court has begun to take a closer look at...
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