You’ve Been Sued for Securities Fraud: Now What?

July 23, 2014

Imagine that you are a lawyer at a rapidly growing public U.S. company. Your company has recently disclosed bad news to the market. Following this disclosure, the price of the company’s stock sinks by 20%. Within a matter of days, multiple shareholders have filed lawsuits alleging that, prior to the disclosure of the bad news, the company and its senior management had made material misstatements in public filings in violation of the federal securities laws. Upon learning of the lawsuits, your CEO calls you into his office and asks—now what?

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