Securities class actions vary by type of defendant; recent cases against emerging companies often differ from those against older ones

Article Abstract:

Among the claims shared by class actions filed against emerging growth companies in 2000 are that of bootstrapping, the attempt to exploit defendant business's small size, and the prominence of revenue recognition issues.

High technology industry, Finance

---

Class-action reforms spur derivative claims; shareholders are taking a fresh look at derivative suits to pursue investor fraud cases

Article Abstract:

Use of the stockholders' derivative action has expanded in many jurisdictions, becoming a new way to litigate securities fraud claims, thus filling the void left as Congress and the courts limit securities class actions. This new use of derivative actions undermines the goals of securities litigation reform, which may only be achieved if derivative plaintiffs must show direct harm to the economic interests of the corporation on whose behalf they claim to act.

Stockholders' derivative actions, Shareholder lawsuits

---

Huh? I'm the lead plaintiff? Lawyer's surprise status is a peek into securities reforms

Article Abstract:

Attorney Charles D Chalmers complains of his bad experience with securities fraud class action litigation under the 1995 reforms enacted by Congress to fight abuses by plaintiffs lawyers. Chalmers was a lead plaintiff of a class action filed by Barrack, Rodos and Racine, a Philadelphia firms specializing in such class actions, but he got almost no information on the litigation and its settlement in 1998. Chalmers lost money investing in Digital Lightwave Inc.

Barrack, Rodos and Bacine

Similar abstracts:

• Abstracts: Jurors: a biased, independent lot; an NLJ-DecisionQuest poll finds potential jurors will ignore a judge and don't like Bib Business
• Abstracts: Let your keyboard do the shopping; make insurance comparisons on the Internet and cut through the clutter. Risk-avoidance payoffs
• Abstracts: Guidance systems in place; bar associations hiring management pros to point solos in the right direction. Is it worthless to go wireless? Cell phones offer mobility, but some prefer good old land lines
• Abstracts: ERISA; employee benefits law is thorny as ever, and recent changes mean lawyers need to be doubly careful when trekking through the brambles
• Abstracts: The National Bankruptcy Review Commission, in its recently released report, has proposed significant changes affecting single-asset real estate debtors

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.