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Wall Street Tip-Off Law Critical to Drawing Out Corporate Whistleblowers
At one point in the 1999 movie "The Insider," 60 Minutes producer Lowell Bergman (portrayed by Al Pacino) tells distraught Big Tobacco whistleblower Jeffrey Wigand, "Guys like you are in short supply." Bergmann's right. Whistleblowers...
Yes, Institutional Investors Can Make a Difference in Securities Fraud Litigation
Institutional investors do in fact make a difference as lead plaintiffs in reaching larger settlements and improving corporate governance. Given the costs of serving as a lead plaintiff and the free rider problem, institutional investors may not want...