3 D&O Questions Regarding Event-Driven Securities Litigation

By Larry Bracken, Michael Levine and Geoffrey Fehling (December 19, 2018, 3:41 PM EST) -- Last month, a shareholder of Edison, the public utility company blamed for starting or contributing to the recent wildfires in Southern California, filed a securities class action complaint alleging that Edison failed to disclose that its electricity transmission and distribution networks were noncompliant with state law and that the noncompliant electricity network created a significant risk of wildfires in California. In the recent expert analysis, Examining A Post-Wildfire Securities Suit, Kevin LaCroix of RT ProExec discussed this so-called "event-driven securities litigation," a new kind of securities class action that relies on specific adverse events, rather than fraudulent financial disclosures or accounting issues, as the catalyst for targeting both companies and their directors and officers for the resulting drop in stock price....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.

A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!