By Doug Greene, Lane Powell PC (December 23, 2016, 11:52 AM EST) -- Among securities litigators, there is no consensus about the importance of developments in securities and corporate governance litigation. For some, a U.S. Supreme Court decision is always supreme. For others, a major change in a legal standard is the most critical. For me, the key developments are those that have the greatest potential to significantly increase or decrease the frequency or severity of claims against public companies and their directors and officers.
Given my way of thinking, there are three developments in 2016 that stand out as noteworthy:
The persistence of securities class actions brought against smaller public companies primarily by...
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