This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Laster Scrutinizes Strike Suits in Theragenics Litigation


Laster presided over another recent case arising from the sale of Edgen Group where last month a Louisiana state court judge honored a Delaware choice of forum provision in Edgen's certificate of incorporation. The Chevron and Edgen matters may have emboldened Laster to issue the Theragenics order.

A few lawyers not involved in the matter noted that Laster seems to have a low opinion of Rigrodsky & Long. It's possible that the judge is singling out that firm for harsh treatment, but Rigrodsky is far from the only plaintiffs' shop to bring a large volume of cases. Laster may hope to subject other shareholder plaintiffs and their counsel to such scrutiny as well.

The Theragenics order came as Delaware governor Jack Markell is considering whom to select as Strine's successor. Laster could apply for the post, though he is a Republican and Markell is a Democrat. Instead, the gossip among Delaware lawyers for the past few months has been that Andre Bouchard of Wilmington law firm Bouchard, Margules & Friedlander PA is the front-runner for the post. Whoever succeeds Strine will have to determine if Laster's approach is the best way to handle the longstanding problem of M&A-related strike suit litigation.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ATVI $23.94 0.00%
CVX $109.87 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs