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News
July 15, 2015

In the News Today – July 15, 2015

There is growing “resistance” among Delaware Chancery Court judges to “M&A settlements in which plaintiffs grant defendants broad releases of shareholder claims in exchange for just additional disclosures in deal proxy materials.” Last week, Delaware Vice-Chancellors John Noble and Travis Laster both refused to approve disclosure-only settlements, and a Fordham law professor recently filed an objection to the settlement of shareholder litigation over Thoma Bravo’s $3.6 billion acquisition of Riverbed Technologies to “provoke debate” on this disclosure-only settlements. (Reuters)

The U.S. Chamber of Commerce is siding with Spokeo in a case alleging violations of the Fair Credit Reporting Act, arguing that companies ought not “face federal lawsuits for purely ‘technical’ violations of consumer protection laws.” (The Daily Online Examiner)

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