May 05, 2020 Articles

Issues and Strategies for Representing Individual Defendants in Securities Class Actions

Working with company counsel under a joint defense agreement, ensuring indemnification and insurance coverage, fact gathering and document sharing, and crafting a motion to dismiss.

By Adam C. Trigg

Class actions alleging violations of the federal securities laws continue to be filed at record levels. Typically, these cases name as defendants the company, its officers, and members of its board of directors. While one firm can often represent all of the defendants, individual defendants often need or choose to have separate representation, particularly when the individual defendant is a former officer or director of the defendant company. This article discusses several issues that regularly occur when separately representing individual defendants in securities class actions and strategies for handling them.

Premium Content For:
  • Litigation Section
Join - Now