Value Management Inc. Reports Connection Between Sagging Economy and Increase of Litigation in Public Deals
Value Management Inc. cites report in its summer 2012 newsletter that reveals the sluggish economy has sparked a surprising, litigious, challenge to corporate America. According to the report: Recent Developments in Shareholder Litigation Involving Mergers and Acquisitions—March 2012 Update, almost every acquisition of a large U.S. public company announced in 2010 or 2011 aroused multiple lawsuits.
Only a small percentage of lawsuits resulted in payments to shareholders however, according to the report. The majority of the suits settled for "additional disclosures ...