Law360, New York (September 06, 2012, 2:01 PM ET) -- The Dallas Court of Appeals’ recent decision in Rocker v. Centex Corp., et al., No. 05-10-00903-CV (Tex. App.--Dallas Aug. 10, 2012, no pet. h.), marks a significant development in class action merger litigation in Texas state courts.
Centex extends the so-called “coupon rule” ― which specifies that when any portion of the benefits recovered in a class action consists of noncash common benefits, the attorney’s fees awarded must be in cash and noncash amounts in the same proportion as the class recovery ― to settlements in...
Implications Of Rocker V. Centex
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