Judge Frank Easterbrook, of the U.S. Court of Appeals for the Seventh Circuit, speaking during a panel discussion at the Federalist Society's National Lawyers Convention in Washington in November 2018. Photo: Diego M. Radzinschi/ALM. 7th Circuit Lets Shareholder Intervene in Mootness Fees Spat
"It seems to us that, as an investor in Akorn whose shares' value was affected by the merger and the mootness fees, Frank has a claim in common with the main action; how could it be otherwise?" Judge Frank Easterbrook wrote for the court.
April 16, 2024 at 05:44 PM
5 minute read
Securities Litigation
The U.S. Court of Appeals for the Seventh Circuit on Monday said a shareholder should have been allowed to intervene in a class action and weigh in on a dispute over the controversial payment of "mootness fees" to plaintiffs attorneys.
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