A federal appeals court has decided that payments from the gulf oil spill settlement fund may continue, despite objections from BP that the fund is paying for inflated and fraudulent claims. Associated Press
A new report found that more than 97 percent of all corporate takeovers over $100 million resulted in a shareholder lawsuit in 2013, up from 93 percent in 2013. And nearly 85 percent of settlements were “disclosure only,” where shareholders receive nothing but plaintiffs’ lawyers are awarded fees by the court. New York Times
As Chancellor Leo Strine prepares to take over as Chief Justice of the Delaware Supreme Court, the Delaware News mentions the state’s reputation as a fair legal environment – including in ILR’s survey of the 50 states’ legal systems.