From Trulia to Akorn: A Ride on the Roller Coaster of M&A Litigation
Pierluigi Matera, Ferruccio Maria Sbarbaro - In recent years, M&A litigation has experienced a dramatic increase, culminating with a peak in 2015, when over 96% of publicly announced mergers were challenged in a shareholder lawsuit. A large number of these lawsuits were frivolous and vexatious, since most claims were filed by plaintiffs’ attorneys just to extract some fees with little effort.