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2 May 2024, 9:01 pm by renholding
Akorn Inc., et al.1 mapped out one means by which a court may evaluate mootness fees paid to individual shareholders after the voluntary dismissal of an action challenging a public company merger. [read post]
23 May 2022, 10:57 am by Kevin LaCroix
Similarly, as discussed here, in 2019 a Illinois federal judge revoked a $322,000 attorneys’ fees to be paid to the plaintiffs’ lawyers in connection with a separate lawsuit (also filed by the Monteverde law firm) in connection with Akorn, Inc’s planned merger with Fresnius Kabi AG. [read post]
23 Jan 2020, 10:54 pm by Doug Cornelius
ColosimoThe CLS Blue Sky Blog Channel Medsystems, Inc. v. [read post]
21 Jan 2020, 6:20 am
In so holding, Chancellor Andre Bouchard signaled that last year’s Court of Chancery decision in Akorn, Inc. v. [read post]
17 Jan 2020, 6:52 am by John Jascob
As is typically the case, the agreement did not define what is "material" for purposes of a material adverse effect, so the court turned to Delaware cases holding that the effect should "substantially threaten the overall earnings potential of the target in a durationally significant manner" (Akorn, Inc. v. [read post]
5 Jan 2020, 2:52 pm by Kevin LaCroix
Supreme Court’s March 2018 entry of its opinion in Cyan, Inc. v. [read post]
5 Jan 2020, 2:52 pm by Kevin LaCroix
Supreme Court’s March 2018 entry of its opinion in Cyan, Inc. v. [read post]
8 Oct 2019, 9:44 am by Dennis Crouch
Akorn, Inc., No. 18-1418 (propriety of R.36 judgments; obviousness) Imperium IP Holdings (Cayman), Ltd. v. [read post]
30 Sep 2019, 9:02 am by Dennis Crouch
Akorn, Inc., No. 18-1418 (Whether no-opinion judgments comply with 35 U.S.C. [read post]
2 Sep 2019, 12:59 pm by Kevin LaCroix
Durkin, exercising his “inherent authority” and acting at the urging of an objecting shareholder, has “abrogated” the settlement of the litigation arising out of the acquisition of Akorn , Inc. by Frensenius Kabi AG, and ordered the plaintiffs’ lawyers to return to Akorn their $322,000  mootness fee, ruling that the additional disclosures to which the company agreed were “worthless to shareholders” and that the underlying… [read post]
26 Jun 2019, 4:12 pm by Kevin LaCroix
Durkin, exercising his “inherent authority” and acting at the urging of an objecting shareholder, has “abrogated” the settlement of the litigation arising out of the acquisition of Akorn , Inc. by Frensenius Kabi AG, and ordered the plaintiffs’ lawyers to return to Akorn their $322,000  mootness fee, ruling that the additional disclosures to which the company agreed were “worthless to shareholders” and that the underlying… [read post]
19 Jun 2019, 6:18 am by Dennis Crouch
Akorn, Inc., No. 18-1418  (R.36 judgments; holistic approach to obviousness) Glasswall Solutions Limited, et al. v. [read post]
15 May 2019, 9:24 am by Dennis Crouch
Akorn, Inc., No. 18-1418 (Supreme Court 2019) with the following two questions: Whether 35 U.S.C. [read post]