US Chamber’s Legal Arm Calls for Reform of Explosive Securities Class Action System | Corporate Counsel

Mayer Brown partner Andrew Pincus, who spoke at the briefing and prepared one of the research reports, told Corporate Counsel that general counsel should consider such litigation a serious threat.

“The data show that public companies today have the highest possibility of being sued of any time in history,” Pincus said. “That’s basically means every single year, one in every 12 public companies is being sued in a securities class action.”

via US Chamber’s Legal Arm Calls for Reform of Explosive Securities Class Action System | Corporate Counsel.