2nd Circ.'s Logical Take On 'Event-Driven' Securities Claims

By Adam Hakki and Agnès Dunogué ( May 13, 2019, 3:29 PM EDT) -- A major recent trend in securities litigation is so-called "event-driven" litigation. Where accounting irregularities and financial crises were once the primary drivers of large securities class action litigation, today's cases increasingly revolve around negative operational incidents, or even a single incident, such as a cyber breach or public safety disaster. At least temporary stock price declines often follow these very public events, but there is no particular reason why they should signal securities fraud. ...

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