In re Trulia Stockholder Litig.

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In re Trulia Stockholder Litig.
2016 Del. Ch. LEXIS 8
US
State Court
Delaware
Court of Chancery of Delaware
J.P. Morgan (defendant); N/A (plaintiffs)
Bouchard (Chancellor)

Summary

In stockholder class action, Chancery declines to approve settlement that requires plaintiffs to agree to broad release of claims in exchange for additional valuation-related information, finding it fails to meet applicable “fair and reasonable” standard.
In re Trulia Stockholder Litig.
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See Also

More Valuation Data Do Not Ensure Fair Class Action Settlement

In stockholder class action, Chancery declines to approve settlement that requires plaintiffs to agree to broad release of claims in exchange for additional valuation-related information, finding it fails to meet applicable “fair and reasonable” standard.