Dailey And Marder Article Examines Rise In "Event-Driven" Securities Litigation

Akin Gump litigation partners Jeffery Dailey and Neal Marder have written the article "The rise in event-driven securities litigation — Why it matters to directors and officers," published by Willis Towers Watson. The article looks at what might be behind an uptick in securities class actions, and why it matters.

Dailey and Marder begin with a look at the changing landscape of securities litigation, pointing to "the shift in the nature of securities class actions from traditional accounting-based allegations ... to those filed in response to adverse company events, such as a data security breach, sexual harassment allegations, an explosion, allegations that a drug or product has side effects or caused injury, or a regulatory investigation or enforcement action." As they point out, "just because something bad happened does not mean that the company or its directors and officers committed fraud."