9 Pages Posted: 11 Jan 2014 Last revised: 3 Mar 2014
Date Written: January 9, 2014
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.
Keywords: merger litigation, takeover litigation, Delaware, jurisdictional competition
Suggested Citation: Suggested Citation
Cain, Matthew D. and Davidoff Solomon, Steven, Takeover Litigation in 2013 (January 9, 2014). Ohio State Public Law Working Paper No. 236. Available at SSRN: https://ssrn.com/abstract=2377001 or http://dx.doi.org/10.2139/ssrn.2377001
By Leo Strine