How To Solve The Flawed Confidential Witness Issue
April 8, 2013, 1:08 PM EDT
Law360, New York (April 8, 2013, 1:08 PM EDT) -- The recurring and pervasive problem of flawed confidential witness (CW) allegations tops my list of the key issues in securities class action litigation.* I don’t mean just notorious situations such as those recently at issue in the Lockheed, SunTrust and Boeing securities class actions — which I discuss further below. I also mean the garden-variety inaccuracies that are present in a great many cases.
After catching readers up on what has happened in Lockheed, SunTrust and Boeing, I’ll discuss why fixing this problem is so crucial,...