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Judges and Judiciary

Jan. 27, 2016

Justice urges caution on shareholder derivative suits

Delaware's chief justice urged securities lawyers not to rush filings of shareholder derivative lawsuits.

By Lyle Moran
Daily Journal Staff Writer

CORONADO - The chief justice of the Delaware Supreme Court urged securities lawyers Monday to conduct substantial due diligence before pursuing shareholder derivative lawsuits and not join the growing trend of quick filing.

"There should be no improper hurry to file a derivative case because these are usually damages cases," said Justice Leo E. Strine Jr., speaking at Northwestern University Scho...

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