Or at least we are hoping this trend continues. This phenomenon we are referring to is the rapid decline in shareholder litigation, stemming from merger and acquisition deals valued at over $100M. The plaintiff’s bar is notorious for finding loopholes in business transactions and spinning those gaps as major damage to shareholders, in this case what is referred to as disclosure-only lawsuits. As is the case in most D&O litigation trends, the outcome is of little or no value to the shareholders but typically creates big windfalls for the law firms bringing the suit. Disclosure-only lawsuits/settlements are no exception. When a company announces a potential merger or acquisition of another company, it must provide detailed information to the shareholders in order to obtain their approval.