Delaware Court Ruling Redefines Materiality Requirement for Mootness Fees in M&A Litigation
In the ever-evolving landscape of M&A litigation, a fresh ruling by the Delaware Court of Chancery has provided a newly sharpened tool for legal professionals navigating disclosure-related actions. The court has recently held that supplemental disclosures need to be “material” – a condition that isn’t met simply by virtue of their existence – in order…