Mutual Funds Should Stay Out Of Shareholder Litigation

By Amy Roy and Robert Skinner (September 5, 2019, 4:20 PM EDT) -- A forthcoming article in the University of Chicago Law Review insists that mutual funds should act as plaintiffs in shareholder litigation more often than they do.[1] Authors Sean Griffith and Dorothy Lund conclude — based on an empirical study of a decade of select case filings — that mutual funds "very rarely" participate in shareholder litigation, including serving as lead class plaintiffs or opt-out plaintiffs in securities litigation against companies held in fund portfolios....

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