Eighth Circuit Affirms Strict Pleading Standard for Shareholder Derivative Lawsuits
Topic: Securities Regulation
By Amy Deen Westbrook, Kurt M. Sager Memorial Distinguished Professor of International and Commercial Law, and Co-Director, Business and Transactional Law Center, at Washburn University School of Law in Topeka, KS.
Legal Backgrounder, October 14, 2016, 4 pages
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One collateral consequence often facing targets of Foreign Corrupt Practices Act enforcement actions is shareholder derivative litigation, though a recent federal appellate court decision may help diminish that threat.