Connor B Defilippis
May 28, 2024 | The Legal Intelligencer
'No Better Than a Racket'—Seventh Circuit Critical of Mootness Fees for Merger DisclosuresJudge Frank Easterbrook, disenchanted with the current "federal practice" of plaintiffs attorneys extorting fees in disclosure cases without conferring a meaningful benefit on stockholders, penned the opinion for a two-judge panel rejecting such fee agreements and empowering shareholders and federal courts alike to scrutinize these fees going forward.
By Jay A. Dubow, Joanna Cline and Connor B. DeFilippis
6 minute read
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