Chancery Court Becomes Top Pick For Shareholder Suits

Law360, New York (February 28, 2013, 1:57 PM EST) -- Holding steady with 2011's numbers, a whopping 96 percent of mergers and acquisitions deals valued above $500 million faced shareholder litigation last year, but in a reversal of trends, the fights are returning to Delaware Chancery Court, according to a Cornerstone Research report released Thursday.

Whereas attorneys turned away from filing in the Delaware Chancery Court after 2002, lodging more shareholders suits in state and federal courts over the past decade, the study found that the proportion of suits returning to Chancery grew in 2011 and...
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