Focus (Forum & Focus)
Nov. 7, 2008
Securities Litigation Hotspot
Though much attention in recent months has focused on the fate of Wall Street firms, California’s public companies are in fact the most vulnerable in the nation when it comes to securities litigation and enforcement.
CORPORATE COLUMN
By Jonathan Shapiro Though much attention in recent months has focused on the fate of Wall Street firms, California's public companies are in fact the most vulnerable in the nation when it comes to securities litigation and enforcement. In 2007, California issuers were 63 percent more likely to be sued than the average domestic issuer. They also accounted for four of the five largest financial restatements nationwide in stock opti...
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