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Shareholder lawsuits are not only complicated to litigate, but due to the high financial stakes, these actions can be among the most threatening to a company and its directors and officers. It has been twenty-six years since Congress enacted the Private Securities Litigation Reform Act of 1995, and since that time, private actions under the federal securities laws have continued to be filed at a steady pace. Over the last decade, the U.S. Supreme Court and the State Supreme Courts have issued multiple decisions impacting the way shareholder actions are litigated and decided. This One-Hour Briefing will highlight recent developments and trends in this constantly evolving and complex area of the law.
Expert faculty will discuss:
- Shareholder actions filing and settlement trends, including COVID-19-related shareholder action trends (20 minutes)
- The potential impact on class certification in stockholder class actions from the U.S. Supreme Court’s pending decision in Goldman Sachs Group Inc. v. Arkansas Teacher Retirement System (20 minutes)
- The proliferation of parallel federal and state securities class action lawsuits since the U.S. Supreme Court’s 2018 ruling in Cyan v. Beaver County Employees Retirement Fund, and the effectiveness of companies’ response through the adoption of federal forum provisions in their corporate charters (20 minutes)
The speakers are Robert F. Serio, Jennifer L. Conn and Alexander K. Mircheff, partners at Gibson, Dunn & Crutcher LLP and co-authors of PLI’s Securities Litigation: A Practitioner’s Guide, Second Edition. Participants in this One-Hour Briefing are entitled to a 35% discount off the cover price of this book. Simply enter discount code OHB1 SL318 into both priority code boxes in your cart prior to checkout.
Program Level: Update
Intended Audience: In-house counsel, outside counsel, corporate directors and officers, and other professionals involved with shareholder litigation
Advanced Preparation: None