Daily Archives: July 24, 2023, 7:24 pm

Number of Securities Class Action Filings Increased in First Half of 2023

The number of securities class action filings increased in the first half of 2023, according to a report released today by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse. The report, Securities Class Action Filings—2023 Midyear Assessment, found that plaintiffs filed 114 securities class actions in federal and state courts in the first half of 2023, a 23% increase…

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It’s the ‘Golden Age’ for Lawyers Seeking Corporate Board Seats

Public companies are increasingly looking for lawyers to become corporate directors, bringing legal expertise to the boardroom and prestige to attorneys who can navigate potential conflicts. The “golden age” for lawyers seeking board seats is largely a product of the “rise of regulatory forces,” said Paul Williams, a former chief legal officer at Cardinal Health Inc. Risk analysis and communications…

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Business Is Caught in a Diversity Trap – WSJ

Big corporations are caught in a pincer. Earlier this month, 13 Republican state Attorneys General sent a letter to Fortune 100 companies, warning that their diversity, equity and inclusion (DEI) hiring practices might be illegal. Now 21 Democratic AGs are telling the same CEOs that such policies are above board and should be expanded. “We write to reassure you that…

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