The January 27, 2013 edition of Business Insurance features a partner in Edwards Wildman
’s Insurance and Reinsurance Department. New York partner Jeff Etherington discussed merger objection lawsuits in Business Insurance. The article, "Most Merger Objection Litigation is Settled Outside of Court
," noted that in Delaware, where many of these cases have been filed, judges have said in speeches that “there is a problem” with the way merger objection lawsuits are working, but Etherington pointed out that they haven't taken steps at least in their decisions to really rein it in. According to Etherington, there have been some situations where judges have refused settlements for attorneys fees, stating they are too high.