• M&A Litigation and the Institutional Investor Factor: As Lead Plaintiffs, Does Their Leadership Make a Difference?
  • November 18, 2013
  • Law Firm: Bernstein Litowitz Berger Grossmann LLP - New York Office
  • Mergers and Acquisitions litigation (“M&A litigation”) typically involves the shareholders of a target company (i.e., the company being purchased) suing the boards of the target and acquiring companies for failing to maximize the price for the target’s shares - and for misleading shareholders along the way. M&A litigation is designed to police a broad range of managerial misconduct and, when it works properly, can result in substantial investor gains. My empirical research suggests that the court-appointed lead plaintiffs in M&A litigation can affect at least two critical outcomes for shareholders: monetary rewards and attorneys’ fees.