Tuesday, March 18, 2014
Cornerstone offers up another report on multi-jurisdictional litigation. Okay, so things you probably already know -- 94% of all mergers overs $100 million are accompanied by litigation. On the brighter side, plaintiffs appear not to 'race to the courthouse' with the same degree of speed as in the past. In 2009, the first suit was filed an average 6.5 days after announcement of a transaction. By 2013, the average delay for the first suit increased to 11.7 days from announcement. Read the report here.