Merger lawsuits in US labelled ‘highway robbery’ as insurance claims soar

Lawsuits objecting to corporate mergers in the US are “highway robbery”, with the cost of claims against insurance policies for such legal cases up 63% since 2012 to $4.5m in 2016, according to new Chubb data and a panel debate on the findings. The insurer said the average cost of settled merger-objection claims was $3.6m during the four years, while…

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