The Intersection Among Torts, Science, Corporate Law, Insurance & Bankruptcy
Not a good week for the financial industry, and reputation risks increase accordingly. The jury did not take long to find Mr. Gupta guilty of insider trading. And, Allen Stanford was sentenced to 110 years in prison for financial fraud. The Sunday morning talk shows will have plenty of grist. "Messagers" will have spin. The litigation industry will continue to grow.
Over the last couple of years, defense oriented commentators have used the meme “event driven securities litigation” as part of complaining about the increasing volume of class action litigation. From
A detailed data driven study of securities lawsuits before and after Morrison is the subject of a new paper by Professor Davidoff Solomon and colleagues. A summary is online in a November 21, 2018 art
Various pundits are saying 2019 will include a surge in litigation. In that vein, it will be interesting to see if adverse financial outcomes for M&A deals and IPOs result in state court class actio