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News
July 29, 2015

WSJ Highlights Torrent of M&A Lawsuits, Professor Who Objects to Them

The Wall Street Journal highlights a Fordham University Law Professor who purchases shares in companies after they announce a takeover, so that he can then use his standing to object to any shareholder lawsuit settlements that arise.

The story notes that “in 2014, shareholders filed suits challenging 93% of corporate mergers, up from 44% in 2007. The average deal drew nearly five lawsuits claiming the transaction shortchanged investors.”

Critics argue that fees paid in such settlements amount to a “deal tax” assessed on corporate transactions.

Read the full story here.

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