Securities
Aug. 18, 2006
Searching for Deep Pockets in Securities Bankruptcy Cases
Focus Column - The wave of corporate scandals following in the wake of Sept. 11 have led plaintiffs' counsel to target alternative deep pockets to insure investors against losses when the company has gone bankrupt or is otherwise in financial straits.
By William F. Sullivan and Johanna S. Wilson
The wave of corporate scandals following in the wake of Sept. 11 have led plaintiffs' counsel to target alternative deep pockets to insure investors against losses when the company has gone bankrupt or is otherwise in financial straits. In cases such as Enron, the plaintiffs' counsel are asserting various renditions of "scheme" liability against secondary actors (banks, business part...
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