An expert faculty will examine recent developments in shareholder derivative litigation through an evolving hypothetical.
The panel will begin with a discussion of a shareholder’s pre-litigation considerations, and then take up issues regarding demand and demand futility, the special committee process and potential outcomes, including settlements, dismissals and pursuit of the demanded litigation. Using original data compiled from public filings, the panel will also discuss the percentage of special committee cases which end in dismissal, settlement or otherwise.
The experienced panel will address recent developments in books and records requests, double derivative cases, the duty to monitor business risk, as opposed to legal risk, in light of In re Citigroup Inc. Shareholder Derivative Litig., the availability and proper scope of discovery in special litigation committee cases, the impact of parallel class, regulatory and criminal litigation and the recent spike in FCPA-related cases in light of increased regulatory activity.
Faculty
Minor Myers
Assistant Professor of Law
Brooklyn Law School
Stephen A. Radin
Weil, Gotshal & Manges LLP
David Wales
Bernstein Litowitz Berger & Grossmann LLP
Jonathan A. Wasserman
Litigation & Government Investigations
Bristol-Myers Squibb
Credits
This recorded program does not provide transitional credit to newly admitted attorneys.
California,New Jersey & New York CLE: 3.0 professional practice credits
Illinois: 2.5 general MCLE credits
Format
MP3 Audio and PDF Coursebook