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.
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