Hays v. Walgreen Co.

Case # 14-cv-09786
Case Name Hays v. Walgreen Co.
Jurisdiction US District Court for N.D. IL
Summary

Lawsuit concerns Walgreen's acquisition of Alliance Boots.  Plaintiffs allege that Defendant, Walgreen Co., did not make sufficient information available for shareholders to evaluate the worthiness of the acquisition prior to the shareholder vote to approve or disprove of the merger.

Final Approval Date ongoing
Result
  1. Case is ongoing.
  2. Final Approval Hearing is set for November 20, 2015.
Dismissal of Last Appeal N/A
Attachments Docket Report.pdf
Class Action Complaint.pdf
Preliminary Approval Order.pdf
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Objection of John Berlau

Objectors John Berlau
Signers Melissa Holyoak
Attorneys Melissa Holyoak
Kirstin B. Ives
Summary
  1. Disclosure-only settlements harm both shareholders and defendant corporations.
    • Only beneficiary is class counsel.
  2. Since class members are worse off (paying for attorneys' fees in exchange for immaterial disclosures), fairness and adequacy requirements are not met.
  3. Notice plan is designed to prevent meaningful evaluation of the settlement by class members and depress the number and quality of objections.
Attachments Objection of John Berlau.pdf
Holyoak Appearance for Objector Berlau.pdf
Ives Appearance for Objector Berlau.pdf
Frank Declaration in Support of Berlau Objection.pdf
Berlau Declaration in Support of Berlau Objection.pdf
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