The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Alison Frankel:
(Reuters) - Class action lawyers can't stay in business unless they earn contingency fees from settling cases. That's just a plain economic truth. And based on new data compiled by the indefatigable folks at The Chancery Daily, it has not taken long at all for shareholder lawyers to respond like the rational economic actors they are to the new reality of M&A litigation in Delaware.
from Reuters Select:
Many companies these days are following a trail blazed by Hewlett-Packard: spend at a far faster pace on share repurchases than they spend on long-term growth through research and development and other kinds of capital spending. Combine that with acquisitions to boost revenue and distributing the profits as dividends to shareholders, and you get companies that feed on themselves to stay alive. It's not a nutritious diet, experts say.