CCAF Seeks to Extend Landmark Walgreen Ruling in Favor of Shareholder Class Members
If you thought every corporate merger was unique, you’d be wrong. Over 90% of merger deals over $100 million have at least one thing in common: They are challenged in a strike suit—or subject to what essentially amounts to legalized extortion. On June 5, 2017, CCAF argued before the U.S. Court of Appeals for the Fifth Circuit to stop one example of such socially wasteful litigation and extend the landmark ruling…