7th Circ. Mootness Fee Case May Curb Frivolous Merger Suits

By Marcie Lape, Chuck Smith and Lauren Sexton (April 24, 2024, 4:37 PM EDT) -- On April 15, the U.S. Court of Appeals for the Seventh Circuit in Jorge Alcarez v. Akorn Inc.[1] mapped out one way a court may evaluate mootness fees paid to individual shareholders after the voluntary dismissal of an action challenging a public company merger....

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