The Class Action Fairness Act (CAFA) moves class action lawsuits from state courts to federal courts for fairer trials. Cases exceeding $5 million and involving plaintiffs from different states are relegated to federal courts. Proponents argue that it dilutes bias and ensures consistent judgments, while opponents argue that state courts are more inclined to rule […]
A fairness opinion is a statement from a third party, often an investment bank, about the reasonableness of a proposed financial transaction involving a public company. It helps company officials fulfill their fiduciary duty to shareholders and can be used in negotiations or legal disputes. The opinion is only as good as the information provided […]
