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News
July 20, 2015

Addressing Abusive M&A Lawsuits in the Wake of Delaware’s “Fee-Shifting” Prohibition

Business Insurance highlights recent Delaware legislation prohibiting corporate “fee shifting” bylaws and the impact in “addressing the rising costs of litigation associated with merger and acquisition activity.”

As ILR has pointed out, notes Business Insurance, “permitting these corporate bylaws would have deterred abusive M&A litigation and kept innocent shareholders from paying the costs.”

A separate Business Insurance article notes that ILR President Lisa A. Rickard was disappointed Delaware “chose not to enact measures to deter abusive merger-and-acquisition lawsuits while prohibiting an important and useful tool for combating these unjustified lawsuits.”

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