The balance, or $42 million, is for shareholder litigation costs.
The Sullivan & Cromwell lawyers devised a trust to finance any shareholder litigation against Novartis.
And shareholder litigation is simply the domain of plaintiffs' lawyers and abusive class-action "strike suits".
Revenues from shareholder litigation and all those rich resident lawyers concentrate minds further.
Shareholder litigation over that extra payment eventually yielded a $69 million settlement.
Mr. Lerach is well known in the world of shareholder litigation.
Section 13D does not permit private shareholder litigation or monetary damages.
Wachovia, like many banks, faces a deluge of shareholder litigation stemming from the subprime mortgage mess.
Some have been a result of shareholder litigation, while others have come from regulatory pressure.
In shareholder litigation these days, plaintiff law firms are hired by states and public pension funds rather than individuals.
Shareholder litigation over the buyout was eventually settled for $200 million, one of the largest-ever such sums.
