Official Home of the DExit Movement. 🇺🇸 America’s business migration, tracked in real time. Companies, capital & talent leaving high-cost, high-risk states
NEW DATA: DELAWARE M&A LITIGATION HIT A 13-YEAR HIGH IN SETTLEMENT COUNT .. WHILE THE MEDIAN PAYOUT FELL TO $10 MILLION.
Cornerstone Research counted 25 M&A litigation settlements in Delaware Chancery Court in 2025, the most since 2012.
But total settlement value fell to $326.6 million. The median settlement dropped to $10 million, the lowest level in the 14-year dataset.
68% of the settlements involved SPAC transactions. Every 2025 settlement was below $50 million, and 80% were below $20 million.
For companies, investors and lawyers debating the economics of Delaware litigation, this is useful new data: more settlements, but materially smaller checks.