U.S. companies may find that "loser pays" doesn't
What a loser
Boards can now try to recoup legal fees from investors who sue and fail, Delaware’s Supreme Court says. The idea is to deter litigation, but it may suppress worthy cases, hurting shareholder value and good governance. And the silly suits most want to avoid will probably thrive.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.