State Courts — The New M&A Battleground

Law360, New York (February 21, 2014, 2:10 PM EST) -- With the growth in mergers and acquisitions activity over the past few years, there has been commensurate growth in a new “cottage industry” whose practitioners file class action suits aimed at holding up nearly every deal involving a public company. The bankers and lawyers who put together these deals now have to expect this all-but-certain hurdle to deal execution.

Today, smaller plaintiff class action firms that once focused on securities litigation in federal courts are regularly filing these strike suits in state courts (other than in...
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