NEW:  Professors Pierluigi Matera and Ferrucio M. Sbarbo examines the effects of the Northern District of Illinois’s decision, in Shaun House v. Akorn, Inc., C.A. No. 17-5018-TMD, memo. op. (N.D. Ill. June 24, 2019), regarding mootness fees and the Delaware Court of Chancery’s decision, in In re Trulia, Inc. Stockholder Litigation, C.A. No. 10020-CB (consol.), opinion (Del. Ch. Jan. 22, 2016), regarding disclosure only settlements in “Trulia,” “Akorn,” and the Roller Coaster of M&A Litigation.

The D&O Diary’s Kevin LaCroix discusses that appeal of the Northern District of Illinois’s decision in Shaun House v. Akorn, Inc., C.A. No. 17-5018-TMD, memo. op. (N.D. Ill. June 24, 2019), and research on mootness fees. Plaintiffs Argue District Court Lacked Authority to Set Aside Their Mootness Fee Settlement.

DealLawyers.com’s John Jenkins discusses an appeal of the Northern District of Illinois’s decision in Shaun House v. Akorn, Inc., C.A. No. 17-5018-TMD, memo. op. (N.D. Ill. June 24, 2019), requiring the return of mootness fees paid to plaintiffs’ counsel in a securities class action asserting claims the Court found non-meritorious. Mootness Fees: Plaintiffs Tell Court “It’s None of Your Business”.