In recent years, stock drop cases have ended in large settelements. Substantial settlements have included those with Merrill Lynch ($75 million), Tyco ($70.5 million) and Countrywide Financial ($55 million). However, in June,2009, Tellabs' fiduciaries prevailed in Breiger v. Tellabs. Read the June 1, 2009 decision in the Northern District of Illinois Inc., 2009 WL 1835930 (N.D. Ill. 2009. )
From Morgan, Lewis, Bockius's article on its Tellabs victory.
Read more on the Tellabs case on the D& O Diary.
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