Del. Plaintiffs Attys Fear Exodus Of Chancery Deal Suits

By Matt Chiappardi (May 19, 2017, 7:36 PM EDT) -- Two of the most talked-about recent major Delaware corporate law rulings have already chased a number of shareholder merger claims out of the First State's courts, and some on the plaintiffs bar worry that the legal landscape is leading to a place where such litigation is snuffed out altogether.

The two rulings — Corwin, which found that an informed shareholder vote to approve a deal "cleansed" it of many fiduciary duty claims, and Trulia, which was widely seen as having ended the practice of disclosure-only merger litigation settlements — came in quick succession, respectively in October 2015 and January 2016.

Since then,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!