In securities class actions, the motion to dismiss is the key event. If the company wins, the case goes away and costly discovery is avoided. If shareholders win, a significant settlement in the future is likely. In these high-stakes proceedings, outcomes are unpredictable. In this article, the first in a three-part series on this central topic in the world of D&O risk, my colleague Walker Newell takes a close look at some recent trends in motion to dismiss decisions in key district courts. By examining these trends, you’ll gain a better sense of why companies and executives win in some cases and shareholders win in others. —Priya Huskins
Source: Securities Motion to Dismiss Trends (Part 1): The Northern District of California
