Law360, New York (May 9, 2017, 10:34 AM EDT) -- Over the past year, much has been written about In re Trulia Inc. Shareholder Litigation. This decision of the Delaware Court of Chancery has been (a) described as “a devastating blow to disclosure settlements,” (b) recognized as a response to “the abusive nature of much M&A litigation,” (c) identified as “the procedural prong of the Delaware courts’ general effort to reduce the volume of unnecessary M&A litigation,” (d) branded “a new regime for the court’s consideration of proposed disclosure-based settlements of litigation challenging M&A transactions,” (e) acknowledged as not a mere “clamp on disclosure-only settlements in merger and acquisition lawsuits; [but having]...
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