All too often, the securities class action litigation
process seems like a complicated and costly mechanism for transferring large
amounts of money to the lawyers involved but only small amounts to the
aggrieved investors, all at the expense of the D&O insurers. It is hard not
to wonder sometimes...
The negotiated resolution of securities class action
lawsuits - and absent dismissal, there is rarely any other types of securities
suit resolution - is always complicated and occasionally messy, and often
involves inefficiencies and sometimes produces distortions and even excesses.
Anyone who has...