Law360, Wilmington (July 29, 2016, 1:48 PM EDT) -- Delaware Chancellor Andre G. Bouchard's landmark ruling this year in the Trulia Inc. merger case didn't just put the clamp on disclosures-only settlements in merger and acquisition lawsuits; it established a new paradigm for what kinds of challenges to deals will pass muster in the state.
The Trulia decision dealt with a disclosures-only settlement in the case challenging the $2.5 billion merger of Trulia Inc. and Zillow Inc., and said that the Chancery Court "must evolve" away from its predisposition for deals that end investor suits with sometimes minor disclosures, attorneys' fees, and sweeping, unrelated releases from future claims, and such...
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