Perspective
Jul. 26, 2012
The piggyback strike suit
How viable are federal securities fraud class actions predicated on government investigations and whistleblower lawsuits? By John E. Schreiber and Ian C. Eisner of Winston & Strawn
With increasing frequency, the plaintiffs' class action bar has sought to predicate federal securities fraud class actions on little or nothing more than the public disclosure of government investigations or qui tam (i.e., "whistleblower") lawsuits involving alleged corporate misconduct. With many, if not most, industries facing increasingly complex regulatory environments, this has become a significant ...
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