2017 M&A Suits Push Securities Class Actions To Record High
Law360, New York (January 30, 2018, 10:42 PM EST) -- A surge in federal class action suits targeting companies involved in mergers and acquisitions in 2017 led to a second straight record year for the overall number of federal securities class actions, according to a report released Tuesday, a trend legal experts say could be attributed to a migration of M&A suits out of the Delaware Court of Chancery and into federal jurisdictions where the potential for success is seen as greater.
There were 198 federal filings related to M&A transactions in 2017, according to the report released by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse, accounting...
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