He Objects

Issue 08-07-17   |   Reviewer:   J. Vincent Eagan, JD, Ph.D.
Disciplines:


Abstract

Some organizations are challenging “disclosure-only” lawsuits. In these suits, if some aspect of the merger was not disclosed lawyers sue on behalf of plaintiffs in a class action. In many cases, only lawyers are paid in the settlements. For one period over the last twenty years, at least 85 percent of mergers were met with litigation. Some judges have called such “disclosure-only” settlements a “racket.”





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