Case Study: In Re Smith & Wesson

Law360, New York (November 16, 2010, 12:23 PM EST) -- The U.S. District Court for the District of Massachusetts, in In re Smith & Wesson Holding Corp. Derivative Litigation[1], recently addressed an issue that many securities litigation practitioners face: How long is too long for a special litigation committee to investigate a shareholder’s demand? Perhaps not surprisingly, like most things in the law, it depends.


The chronology of the Smith & Wesson case is important.

On May 28, 2009, and June 5, 2009, two shareholders of Smith & Wesson Holding Corp. issued demand letters requesting...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.