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IN RE WALGREEN CO. STOCKHOLDER LITIGATION

No. 15-3799.

832 F.3d 718 (2016)

IN RE: WALGREEN CO. STOCKHOLDER LITIGATION. Hays, et al. v. Walgreen Co., et al. Appeal of: John Berlau, Objector.

United States Court of Appeals, Seventh Circuit.

Decided August 10, 2016.

Attorney(s) appearing for the Case

Patrick V. Dahlstrom , Attorney, Pomerantz LLP, Chicago, IL, David F. E. Tejtel , Attorney, Friedman Oster & Tejtel PLLC, New York, NY, for Plaintiff-Appellee.

Theodore H. Frank , Melissa Ann Holyoak , Attorneys, Competitive Enterprise Institute, Center for Class Action Fairness, Washington, DC, for Appellant.

James W. Ducayet , Elizabeth Yvonne Austin , Kristen R. Seeger , Attorneys, Sidley Austin LLP, Chicago, IL, for Defendants-Appellees.

Before POSNER and SYKES, Circuit Judges, and YANDLE, District Judge.

In merger litigation the terms "strike suit" and "deal litigation" refer disapprovingly to cases in which a large public company announces an agreement that requires shareholder approval to acquire another large company, and a suit, often a class action, is filed on behalf of shareholders of one of the companies for the sole...

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