Takeover Litigation in 2012
Matthew D. Cain
U.S. Securities and Exchange Commission
Steven M. Davidoff
Ohio State University (OSU) - Michael E. Moritz College of Law; Ohio State University (OSU) - Department of Finance
February 1, 2013
Takeover litigation continues to be a much discussed issue in Delaware and among the corporate bar. This report provides preliminary statistics for takeover litigation in 2012. Based on preliminary statistics, takeover litigation continued to be brought at a high rate in 2012. 92% of all transactions experienced litigation. Similar to last year, half of all transactions experienced multi-jurisdictional litigation with the average transaction attracting 5 lawsuits. Median attorneys’ fees for settlements inched slightly higher to $595 thousand per settlement while the average attorneys’ fee declined substantially reflecting a fewer number of large settlements in 2012. Further information and numbers are contained in the report.
Number of Pages in PDF File: 7
Keywords: merger litigation, takeover litigation, Delaware, jurisdictional competitionworking papers series
Date posted: February 14, 2013
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