Sustainability reports and securities class actions?
Back in March of 2005, the prior author of this blog put the "over/under on the filing date of the first securities class action to include allegations from a corporate executive's blog" at December 31, 2005.
Unless a hyper-alert reader can point to a complaint that I missed, I believe that this particular event has not yet come to pass.
But, let's add a new one to the mix to keep our eyes open for - the first securities class action to include allegations from a corporate sustainability report.
As frequently noted by Kevin LaCroix over at The D&O Diary, the dull roar that we hear in the background is people talking about climate change (née, global warming) and litigation risk.
Given the proliferation of corporate sustainability reports (examples include - Baxter International, Ford Motor Company, Procter & Gamble, and UPS), I'll put the over/under at June 30, 2008 for the first securities class action to include allegations from a corporate sustainability report.
So ever-vigilant readers, go forth and an find a securities class action to include allegations from a corporate executive's blog or from a corporate sustainability report. First correct answer wins a prize.
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August 23, 2007 |
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A new twist on the case specific website
Some time ago, we blogged about the case specific websites that a number of law firms create to disseminate information on active cases to class members. Typically, these websites were created by lead counsel and were often limited to larger cases (e.g. WorldCom or Enron).
At least one law firm has decided to take a creative approach to information dissemination with respect to newly filed cases - those cases that are still within the lead plaintiff deadline.
According to this press release, Shalov Stone Bonner & Rocco LLP has created a case specific website for the American Home Mortgage Investment Corp. (NYSE:AHM) litigation.
The same law firm has also created a website for the GPC Biotech AG (Nasdaq:GPCB) litigation.
It may not be such a bad idea. A search on Google for GPC class action shows that the firm's case specific website is the top hit.
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We're Back (again)
Dear Reader:
Sorry for the radio silence. To paraphrase Yogi Berra, life has a funny way of keeping you busiest when you have the least time for it. But now that our cloning project has been successful, regular posting by Adam #3 will begin again.
Thanks for hanging in there.
Adam
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