Delaware court’s disapproval of disclosure-only settlements causing plaintiffs pause

Steven Davidoff Solomon and Matthew D. Cain study cited in Daily Journal, Feb. 11, 2016

According to a recent study, stockholder suits in Delaware were filed in 87 percent of all transactions last year, a decline from 95 percent in 2014. But the plaintiffs’ bar hit the brakes hard in the fourth quarter of 2015 – filing lawsuits on just 21.4 percent of the deals involving Delaware-incorporated companies.