Securities Class Actions and Derivative Litigation: Two For the Price of One

The cost of resolving securities class actions has reached an all time high. While new filings are at their lowest since enactment of the PSLRA, that is small consolation to the company having the misfortune of being the target of this type of lawsuit. Not only must the company defend against the class action, it must also resist the tag-along derivative action that has become all too commonplace. This session discussed how this works and the key role of Directors and Officers (D&O) insurance.

Presenters included: Richard S. Davis, Foley & Lardner LLP; Michael Early, Chicago Underwriting Group; and Michael P. McCloskey, Foley & Lardner LLP.