Securities Class Action Litigation Update
Peter Mixon served as a panelist during the PLUS 2014 Directors and Officers Liability Symposium on the topic, "Securities Class Action Litigation Update."
While the liability exposures of public companies and their directors and officers for management decisions continues to evolve and change, shareholder securities class action litigation remains the single biggest exposure these parties face. This panel, with both plaintiff and defense representation, focused on shareholder securities class actions brought pursuant to the Securities Exchange Act of 1934 and the Securities Act of 1933. The panel discussed recent trends in filings, dismissals and settlements of these claims. It also discussed recent legal trends and court rulings, including whether the foundational “fraud on the market presumption” might be in jeopardy.