Skip to content

Menu

ChannelsPublishersSubscribe
LexBlog, Inc. logo
LexBlog, Inc. logo
ProductsSub-MenuBlogsPortalsTwentySyndicationMicrositesResource Center
Join
Search
Close
Join the Movement. Blog 4 Good

Delaware Court of Chancery Rejects Another Disclosure-Only M&A Settlement and Warns of “Increasingly Vigilant” Scrutiny

By Ann Ashton, Gregg Mashberg, Jonathan Richman, Ralph Ferrara & Tanya Dmitronow on January 25, 2016
EmailTweetLikeLinkedIn

The Delaware Court of Chancery last week dealt another blow to disclosure-only settlements of merger litigation and refused to approve a proposed class-action settlement arising from Zillow, Inc.’s acquisition of Trulia, Inc. The court’s decision held that the supplemental disclosures that formed the basis of the settlement were not “material or even helpful to Trulia’s stockholders” and thus did not “afford them any meaningful consideration to warrant providing a release of claims to the defendants.” Read more here.

Photo of Ann Ashton Ann Ashton

Ann Ashton is a partner in the Litigation Department, a member of the Securities Litigation Group and head of the Litigation practice in Washington, D.C. Ann has a wide range of experience in complex litigation matters and parallel proceedings, including securities class actions…

Ann Ashton is a partner in the Litigation Department, a member of the Securities Litigation Group and head of the Litigation practice in Washington, D.C. Ann has a wide range of experience in complex litigation matters and parallel proceedings, including securities class actions and individual litigation, shareholder derivative litigation, criminal and civil enforcement proceedings before various federal and state entities, corporate internal investigations, ERISA class action litigation and market conduct class actions and individual litigation. Prior to joining Proskauer, she was a partner and co-head of the Securities, M&A and Corporate Governance Litigation Practice Group at Dewey & LeBoeuf.

Ann is part of a team that practices in the intersection where class actions, shareholder derivative suits, SEC enforcement matters and white collar prosecutions meet.

Read more about Ann AshtonEmail
Show more Show less
Photo of Gregg Mashberg Gregg Mashberg

Gregg Mashberg is co-head of the Securities Litigation Group and a former chair of the Litigation Department. He has a broad-based practice and experience before numerous judicial and administrative forums.

Gregg has a particular focus on securities litigation, defending public companies and their…

Gregg Mashberg is co-head of the Securities Litigation Group and a former chair of the Litigation Department. He has a broad-based practice and experience before numerous judicial and administrative forums.

Gregg has a particular focus on securities litigation, defending public companies and their directors and officers in class actions, SEC investigations and enforcement actions. Gregg also has broad experience in defending directors and officers in shareholder derivative and class actions arising from mergers and acquisitions and direct breach of fiduciary duty suits under state law. As part of his securities litigation practice, Gregg is outside litigation counsel for The Depository Trust & Clearing Corporation and its subsidiaries, the nation’s principal securities settlement and depository institutions. He has litigated in trial and appellate courts around the country, successfully defending against claims challenging the securities clearing and settlement system.

Read more about Gregg MashbergEmail
Show more Show less
Photo of Jonathan Richman Jonathan Richman

Jonathan Richman represents a variety of companies in securities class actions, shareholder derivative actions, internal investigations, SEC investigations, corporate governance, insider trading, D&O insurance and related matters. Many of those matters involve international elements, including representations of non-U.S. issuers in U.S. litigation and…

Jonathan Richman represents a variety of companies in securities class actions, shareholder derivative actions, internal investigations, SEC investigations, corporate governance, insider trading, D&O insurance and related matters. Many of those matters involve international elements, including representations of non-U.S. issuers in U.S. litigation and in landmark non-U.S. collective settlements under Dutch law in the Netherlands. Jonathan’s clients have included Hewlett Packard, Royal Dutch/Shell, Zurich Insurance Group, Halliburton, and Waste Management.

Jonathan writes extensively on topics ranging from securities and insider-trading law, corporate governance and fiduciary issues to non-U.S. law on collective actions. His articles have been published in major legal publications.

Jonathan is the immediate past co-head of the Firm’s Securities Litigation Group and is currently co-head of the Firm’s Asset Management Group. Before joining Proskauer, Jonathan was a partner at Dewey & LeBoeuf LLP, where he was co-head of the Securities, M&A and Corporate Governance Litigation Practice Group.

Read more about Jonathan RichmanEmail
Show more Show less
Photo of Ralph Ferrara Ralph Ferrara

Ralph Ferrara’s practice includes a wide range of litigation, business, regulatory and corporate governance matters. He represents corporations and individuals in complex securities class and shareholder derivative actions as well as contested mergers and acquisitions; advises corporate clients on Securities and Exchange Commission…

Ralph Ferrara’s practice includes a wide range of litigation, business, regulatory and corporate governance matters. He represents corporations and individuals in complex securities class and shareholder derivative actions as well as contested mergers and acquisitions; advises corporate clients on Securities and Exchange Commission reporting and disclosure requirements; represents corporations and individuals in government investigations and enforcement proceedings; conducts corporate internal investigations; handles consumer financial services issues; and counsels corporate officers and boards on all of these matters.

Ralph and his team practice in the intersection where class actions, shareholder derivative suits, SEC enforcement matters and white collar prosecutions meet and have the experience and skills to provide full representation to their clients across all of these and other areas.

Read more about Ralph FerraraEmail
Show more Show less
Photo of Tanya Dmitronow Tanya Dmitronow
Email
  • Posted in:
    Corporate & Commercial, Criminal, Financial
  • Blog:
    Corporate Defense and Disputes
  • Organization:
    Proskauer Rose LLP
  • Article: View Original Source

Stay Connected

Facebook LinkedIn Twitter RSS
Real Lawyers

Company

  • About LexBlog
  • Careers
  • Press
  • Contact LexBlog
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Terms of Service
  • RSS Terms of Service

Products

  • Products
  • Blogs
  • Portals
  • Twenty
  • Syndication
  • Microsites

Support

  • 1-800-913-0988
  • Submit a Request
  • Support Center
  • System Status
  • Resource Center

New to the Network

  • DSR Health Law Blog
  • Immigration View
  • Diving Deeper Into Work
  • North Carolina Appellate Practice Blog
  • Allens Insights
Copyright © 2021, LexBlog, Inc. All Rights Reserved.
Powered By LexBlog