Litigating Disclosure Challenges To M&A Activity

Law360, New York (July 18, 2011, 2:26 PM EDT) -- In the same way that a sharp drop in stock price will yield a securities claim, the announcement of a public company merger and acquisition deal is likely to prompt an inveterate group of plaintiffs’ lawyers to bring a claim threatening to enjoin the deal. In the words of former Chancellor William B. Chandler of the Delaware Chancery Court, “[t]oo often judges of this court face complaints filed hastily, minutes or hours after a transaction is announced, based on snippets from the print or electronic media....
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