As the Senate scatter-shot some 98 proposals for new legislative pains and punishments at corporate America last week, corporate lawyers found themselves targets as well.
One such proposal threatened to erase the single greatest legal protection lawyers now enjoy against suits by aggrieved shareholders: the so-called Central Bank rule. Securities lawyers reacted sharply to the proposal, angrily denouncing it as a gift to the plaintiffs bar.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
