Law360 (November 5, 2019, 3:12 PM EST) -- It has been widely observed that merger litigation plaintiffs fled state courts for federal courts following the Delaware Chancery Court’s 2016 Trulia decision,[1] which precluded them from settling state law claims based on disclosure of immaterial additional information to shareholders.[2] But plaintiffs gave up quite favorable Delaware procedural and substantive law in the hope of finding a more hospitable environment for quick settlements.
