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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]
1 Aug 2023, 6:30 am
The result is that the standard required for supplemental disclosures in the context of a mootness fee award is now higher and in line with the “plainly material” standard established for disclosure-only settlements in In re Trulia, Inc. [read post]
1 Aug 2023, 6:30 am
The result is that the standard required for supplemental disclosures in the context of a mootness fee award is now higher and in line with the “plainly material” standard established for disclosure-only settlements in In re Trulia, Inc. [read post]
27 Mar 2023, 9:01 pm by renholding
This figure is significantly lower than in 2016, when the Delaware Court of Chancery effectively put an end to the practice of disclosure-only settlements in In re Trulia Inc. [read post]
9 Jun 2020, 12:26 pm by Kevin LaCroix
      MOOTNESS FEES The Delaware Court of Chancery’s 2016 decision in In re Trulia, Inc. [read post]
16 Apr 2020, 10:22 am by Eric Goldman
Rebecca Eisenberg // Adbrite, Trulia, Reddit, Vouch Russ Elmer // ServiceNow, Lending Club Michelle Fang // Turo Chris Ferro // Xoom, Flexport Sandy Godsey // Metawave Senay Gurel // Voodoo.io Mary Huser // Blackberry, Poly Tom Jeon // Backcountry Kelly Kay // Yapstone Henrik Lejdeborn // Yubico Brian Levey // Upwork Brynly Llyr // Ripple, Celo Robert Manhke // Uplift, Fundbox, Platiq Paul Massey // CrowdCube Ltd. [read post]
22 Oct 2019, 1:53 pm by Kevin LaCroix
  Following the Delaware Chancery Court’s January 2016 decision the Trulia case (discussed here), which evinced the Delaware court’s disdain for the type of disclosure-only settlement by which these merger objection suits were resolved, the plaintiffs lawyers began filing the merger objection lawsuits in federal court rather than in state court, and in recent years, began resolving the cases based on mootness fee settlements. [read post]
4 Oct 2019, 6:00 am
Proxy System Posted by Steve Wolosky, Andrew Freedman, and Ron Berenblat, Olshan Frome Wolosky LLP, on Saturday, September 28, 2019 Tags: Boards of Directors, Institutional Investors, Proxy voting, SEC, Securities regulation, Shareholder voting, Universal proxy ballots 2019 Proxy Season Review: North America Activism Posted by Jackie Cheung and Victor Guo, FrontLine Advisors Inc., on Saturday, September 28, 2019 Tags: Boards of… [read post]
4 Jun 2019, 6:30 am
The Delaware Court of Chancery’s 2016 decision in In re Trulia, Inc. [read post]
29 Dec 2018, 6:43 am
It appears that after the Delaware Court of Chancery cracked down on reflexively filed M&A suits in In re Trulia Inc. [read post]
9 Aug 2018, 4:54 pm by Kevin LaCroix
In the nearly three years since the Delaware Court of Chancery first signaled its hostility to the proliferation of so-called disclosure-only merger lawsuits (culminating in the landmark In re Trulia, Inc. [read post]
7 May 2018, 6:03 am
In January 2016, the Delaware Chancery Court issued its decision in In re Trulia, Inc. [read post]