Securities LitigationSecurities Litigation
About Securities LitigationFollowing the increase in value of many securities in the 1980s and 1990s, plaintiffs’ lawyers used downturns in stock prices as opportunities to file shareholder class action lawsuits. By the early 1990s, securities litigation abuse was widespread. Some securities lawyers would file “strike suits,” in which plaintiffs recruited by lawyers would buy a few shares of a company's stock for the sole purpose of bringing a securities class action lawsuit within days after the share price declined, despite little or no evidence of any corporate wrongdoing. The plaintiff lawyers’ lawsuits often have opened the door for abuse of the discovery process, and many companies have settled securities lawsuits rather than face plaintiff lawyer expeditions into their corporate files, much less risk multi-million-dollar jury awards. |
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Securities Class Action Litigation: The Problem, Its Impact, and the Path to Reform
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Latest News on Securities Litigation:
- Financial system reforms won't wait
Washington Post | March 12, 2010 - EDITORIAL: A Financial Reform Reprieve
Wall Street Journal | March 12, 2010 - Connecticut Sues Raters Moody's, S&P
Wall Street Journal | March 11, 2010 - Harry Markopolos, SEC Chairman?
Wall Street Journal | March 11, 2010 - A Fresh Look at a New Securities Lawsuit
D & O Diary | March 11, 2010
