Tag Archives: Event-driven securities suits

Guest Post: Corporate Mismanagement Becomes Event-Driven Securities Litigation

One phenomenon I have noted on this blog is the rise of event-driven securities class action lawsuits. Rather than being based on alleged or financial misrepresentations, as has traditionally and historically been the case in securities suits, these suits follow in the wake of and are based on adverse events in the company’s operations. A … Continue Reading

Google+ User Data Securities Lawsuits Filed Against Alphabet

Last week, the Wall Street Journal reported that this past spring Google had exposed thousands of the Google+ social network users’ private data and then opted to withhold disclosure of the incident because of concerns that doing so would attract regulatory scrutiny and harm the company’s reputation. Following the news reports, questions immediately were asked about … Continue Reading

Frequently-Filed FCPA Follow-On Securities Suits Face Formidable Obstacles

As I have often noted (for example, here), a company’s announcement that it is the subject of an FCPA-related investigation frequently leads to the filing of a follow-on civil lawsuit in which investor claimants allege either that the company’s senior officials have violated their oversight duties or that the company’s public disclosure statements were insufficient … Continue Reading

Do Privacy Issues Represent the Next Big D&O Liability Exposure?

For some time, observers (including me) have been discussing the extent to which the rising numbers of corporate data breaches would translate into to D&O litigation. There of course have been some data breach-related D&O lawsuits;  indeed, plaintiffs’ lawyers have recently for the first time managed to secure some success with these kinds of suits … Continue Reading

Chinese Preschools’ Child Abuse Reports Lead to U.S. Securities Suit Against Recent IPO Company

As I noted in a post last week discussing the derivative lawsuit and settlement involving 21st Century Fox, allegations of failure to prevent alleged misconduct within company operations or at company facilities can translate into potential liability exposure for the company and its senior management. Another example of this phenomenon has emerged. In the weeks … Continue Reading
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