Abstract

http://ssrn.com/abstract=2377001
 


 



Takeover Litigation in 2013


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

January 9, 2014

Ohio State Public Law Working Paper No. 236

Abstract:     
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

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Date posted: January 11, 2014 ; Last revised: March 3, 2014

Suggested Citation

Cain, Matthew D. and Davidoff, Steven M., Takeover Litigation in 2013 (January 9, 2014). Ohio State Public Law Working Paper No. 236. Available at SSRN: http://ssrn.com/abstract=2377001 or http://dx.doi.org/10.2139/ssrn.2377001

Contact Information

Matthew D. Cain
U.S. Securities and Exchange Commission ( email )
United States Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
United States
Steven M. Davidoff (Contact Author)
Ohio State University (OSU) - Michael E. Moritz College of Law ( email )
55 West 12th Avenue
Columbus, OH 43210
United States
Ohio State University (OSU) - Department of Finance ( email )
2100 Neil Avenue
Columbus, OH 43210-1144
United States

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