For decades, corporate merger and acquisition deals have been plagued by meritless claims asserting, typically, that the companies and their officers and directors have provided insufficient disclosures.
For decades, corporate merger and acquisition deals have been plagued by meritless claims asserting, typically, that the companies and their officers and directors have provided.
On July 6, 2023, the Delaware Court of Chancery decided in Anderson v. Magellan Health, Inc. that the court would no longer apply the In reXoom Corp. Stockholder Litigation standard in determining.
In Short - The Situation: The Delaware Court of Chancery recently held that supplemental disclosures must be "material" to warrant mootness fees in litigation challenging.