When Saying Litigation is 'Without Merit' Risks Follow-On Securities Litigation

Reuters Legal News

Mark R.S. Foster Virginia F. Milstead

Partners Mark Foster and Virginia Milstead identify reasons for companies to thoughtfully speak about litigation claims when disclosing them. Mr. Foster and Ms. Milstead look at a recent case in federal court that highlights why litigation and any public relations strategy must account for the possibility that allegations, evidence and disclosures about that litigation could feature in a securities class action complaint later.