The Delaware Court of Chancery recently issued a seminal decision that may signal the end of (at least) most disclosure-only settlements in class action cases that challenge mergers. In Re Trulia Inc. Stockholder Litigation, C.A. No. 10020-CB (Del. Ch. Jan. 22, 2016), is must reading for those interested in class action settlements in general, and disclosure-only settlements in particular.
Michael Greene of Bloomberg BNA published a helpful overview of the case (with a few quotes from yours truly.) Professor Bainbridge also provides scholarly insights. Ted Mirvis provides expert commentary on the case as well.