1. The announcement of a proposed merger often triggers a shareholder action alleging that directors breached their fiduciary duty by agreeing to sell the corporation for an unfair price. When and how does such litigation benefit the shareholders?
2. In the Trulia case, the settlement, if approved, would not have yielded any genuine benefit for the shareholders. If the court had approved the settlement, however, who would have benefited?
3. When the parties to a dispute agree to a settlement, they share the same interest in obtaining the court's approval. What are the advantages and disadvantages of this situation?