The Reform Act’s heightened pleading standards were designed to increase the number of securities class actions dismissed at the pleading stage. An unintended consequence, however, has been a liberal application of the already liberal standards for amendment under Rule 15. In Eminence Capital v. Aspeon, Inc., the Ninth Circuit explained the rationale for this approach:
December 2012
Director Service: Is It Safe to Serve on a Public Company Board of Directors?
I am frequently asked about the safety of director service. Below is the text of a short article I wrote for a forthcoming issue of a business publication.
Although the article is short and non-technical, I decided it was a good opportunity to start a discussion here on director service. I would enjoy a dialogue…