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Race to File Shareholder Derivative Suits in Delaware Slowed by Judicial Roadblock

In two recent opinions with wide-ranging practical implications for companies that are the target of shareholder derivative litigation, Vice Chancellor J. Travis Laster of the Delaware Chancery Court issued a scathing critique of the plaintiffs bar's "first-to-file" mentality in derivative suits.

15 minute read November 27, 2012 at 08:55 AM
By
Daniel Perry And John M. Yarwood
Race to File Shareholder Derivative Suits in Delaware Slowed by Judicial Roadblock

In two recent opinions with wide-ranging practical implications for companies that are the target of shareholder derivative litigation, Vice Chancellor J. Travis Laster of the Delaware Chancery Court issued a well-developed, scathing critique of the plaintiffs bar's “first-to-file” mentality in derivative suits.

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