Gordon v. Verizon Communications, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Kahn, J.
Much has been written on the subjects of whether settlements of shareholder class action suits challenging corporate mergers and acquisitions should be rejected in the absence of monetary damage awards, and the propriety of the attorney fee awards attendant to such agreements.1 In this case, we are asked to decide the viability of the proposed settlement of a *149putative shareholders’ class action challenging, on the basis of alleged material omissions from proxy statements, a corporation’s acquisition of all of the shares of an entity owned by its partner in a joint…
2Cases cited15 opinions
- Funk v. United StatesSupreme Court of the United States · 1933
- In re Accounting of Lincoln Rochester Trust Co.New York Court of Appeals · 1974
- Woods v. LancetNew York Court of Appeals · 1951
- Tandycrafts, Inc. v. Initio PartnersSupreme Court of Delaware · 1989
- Goodrich v. E.F. Hutton Group, Inc.Supreme Court of Delaware · 1996
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3Cited by10 opinions
- Roth v. Phoenix Companies, Inc.New York Supreme Court · 2017
- Strougo v. Ocean Shore Holding Co.New Jersey Superior Court Appellate Division · 2017
- Saska v. Metropolitan Museum of ArtNew York Supreme Court · 2017
- City Trading Fund v. NyeNew York Supreme Court · 2018
- City Trading Fund v. NyeAppellate Division of the Supreme Court of the State of New York · 2019
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