Sean Griffith was quoted in Bloomberg BNA’s Corporate Law and Accountability Report about a judge’s rejection of a proposed settlement arising out of a stockholder class action lawsuit.
Fordham law school professor Sean Griffith, who filed amicus briefs objecting to the settlements in Riverbed and Trulia (38 CARE 38, 9/25/15), told Bloomberg BNA in a Jan. 25 e-mail that the court’s Jan. 22 ruling is significant.
Bouchard is saying, on the record in a full-length opinion, that disclosure-only settlements are disfavored, Griffith observed. He added that the court’s discussion of the merits of disclosure settlements ‘‘is actually the holding of the opinion, not just dicta.’’
