Earlier this year, a Florida appeals court adopted the Trulia decision from Delaware – In re Trulia, Inc. Stockholder Litigation, 129 A.3d 884 (Del. Ch. 2016) being a key Delaware case regarding the approval of merger related class action settlements. Before Trulia, class actions challenging mergers could (and often did) resolve via something
Disclosure Litigation
Cayman Appraisal Win Spurs Securities Fraud Class Action
By Rich Bodnar on
Posted in Cayman Appraisal Rights, Disclosure Litigation
It’s a general truism that appraisal only directly benefits those who dissent and seek fair value for their shares. But appraisal can also spur further litigation – especially when the result of the appraisal decision is a 100% premium over merger price. Such is the case with Shanda Games Limited. While our friends in Cayman…