THE LEGAL INTELLIGENCER BLOG

Rethinking Pa. Class Actions Challenging Public M&A

, The Legal Intelligencer

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In what has been a familiar trend in courts around the country, shareholders of public companies have increasingly brought putative class actions challenging publicly announced mergers and acquisitions. These class actions, in which the named plaintiffs purport to represent the interests of all shareholders of the acquired company, typically allege that the agreed upon deal price is too low, that the process used to reach the deal was unfair, and that the disclosures in the proxy or tender offer materials are inadequate.

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