A recent lawsuit in Delaware Chancery Court has drawn attention to the complexities surrounding class action litigation, with a notable case involving hedge fund executive Marc Lasry. Lasry, known for his fundraising ties to Vice President Kamala Harris, has accused a former employee of attempting to extort him for $50 million. This allegation has prompted the former employee to file a counter-lawsuit. The case highlights ongoing discussions about the evolving landscape of class actions and the potential implications for corporate governance and legal fees. Legal experts are increasingly scrutinizing the dynamics of mega class actions, as indicated by various columns and reports on the subject.
"Shareholder activist law firms managed to screw $3.7 million out of Wiley for the loss in stock price after the Hindawi acquisition": part 3 of a blog post by James Heathers. https://t.co/aFTCsPhXgp
Do you think Wachtell does consumer class actions? https://t.co/9F2O3pIvh1
Column: Litigation funder's lawsuit exposes underside of mega class actions https://t.co/CluEDZ7tP9 @AlisonFrankel https://t.co/8nSR06zLjX