M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

Monday, September 30, 2013

Telling it like it is

In a recent (ok, last Spring, sorry), Vice Chancellor Laster tells it like it is, with respect to some shareholder plaintiffs out there.  In the following colloquy during a settlement hearing in In re Gen-Probe, VC Laster questions counsel about their clients:



I wonder why counsel would ever take a client who owns just two shares of stock.  I'm not totally naive about what's going on, but you'd think there would be someone out there with a few more shares they could approach.



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