Takeover Litigation in 2013
Matthew D. Cain
U.S. Securities and Exchange Commission
Steven Davidoff Solomon
University of California, Berkeley - School of Law; University of California, Berkeley - Berkeley Center for Law, Business and the Economy
January 9, 2014
Ohio State Public Law Working Paper No. 236
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 2013. Based on preliminary statistics, takeover litigation continued to be brought at an extraordinarily high rate in 2013. 97.5% of all transactions experienced litigation. The average transaction attracted an average number of 7 lawsuits - an all time high. 41.6% of all transactions experienced multi-jurisdictional litigation down from 51.8% in 2012. Median attorneys’ fees for settlements remained relatively steady at $485 thousand per settlement. Further information and numbers are contained in the report.
Number of Pages in PDF File: 9
Keywords: merger litigation, takeover litigation, Delaware, jurisdictional competition
Date posted: January 11, 2014 ; Last revised: March 3, 2014
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