In a recent decision from the United States District Court for the Southern District of New York, a federal Judge pushed back against the common but abusive practice of “mootness fee” payoffs in public M&A deals. In the...more
Seyfarth has conducted a thorough analysis of the litigation filed in 2021 arising out of mergers and acquisitions for the year.1 While there is, as reported elsewhere, a marked decrease in class action filings arising from...more
On January 12, 2021, the United States District Court for the Southern District of New York dismissed a putative class action complaint against Bemis Company Inc. and members of its board of directors (collectively, “Bemis”)...more
Seyfarth Synopsis: On February 2, 2017, the Appellate Division for the First Department in New York entered an order approving a “disclosure-only” settlement. While acknowledging the “increasingly negative view” of...more
3/2/2017
/ Appeals ,
Board of Directors ,
Breach of Duty ,
Class Action ,
Corporate Governance ,
Derivative Suit ,
Disclosure-Based Settlements ,
Fiduciary Duty ,
Mergers ,
Reversal ,
Shareholder Rights ,
Venue ,
Verizon