Corporate Litigation: Judicial Scrutiny of Mootness Fees in Merger Litigation
In their Corporate Litigation column in the New York Law Journal, Litigation Partner Joe McLaughlin and Associate Shannon McGovern discuss a recent pair of federal court decisions —House v. Akorn and Scott v. DST Systems—illustrating a federal court trend to probe supplemental disclosures to ascertain whether they provided shareholders a material benefit warranting an award of attorneys’ fees, as part of a settlement or otherwise.