Magellan Health: A New North Star for Mootness Fee Disputes May Reduce Payments to Plaintiff’s Counsel

The path to a mootness fee is well-worn.  A stockholder plaintiff sues alleging that a company’s disclosures or other decisions were inadequate or improper.  The company responds by issuing disclosures or taking actions that moot the plaintiff’s claims.  This, laudably, avoids the expense and distraction of litigation.