Preloader

Tag: Securities Exchange Act

A LONG-TERM STUDY OF DEFENDANT FIRMS IN SHAREHOLDER CLASS ACTION LAWSUITS

In the US, shareholders can form a class action to sue a company under S10b-5 of the Securities Exchange Act for allegedly releasing misleading information, or for failing to disclose material information. The substantial cost of litigation, and its associated impact on shareholder value, has prompted debate over whether to reform access to the shareholder

Read More