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

Partners Marcie Lape and Chuck Smith and associate Lauren Sexton discuss the Seventh Circuit’s recent ruling in Jorge Alcarez, et al. v. Akorn Inc., et al. The decision indicates that Rule 11 provides the proper framework to evaluate the propriety of the underlying disclosure case, and it could be persuasive to other courts and reduce the filing of merger challenge cases.