U.S. SECURITIES LITIGATION: A RISK CHINESE COMPANIES MUST MANAGE
Chinese business executives today face a new and unfamiliar challenge. Their companies have become one of the leading targets of securities litigation in the United States.
Advisen Management Liability Journal featured a White Paper commentary by William A. Boeck, Senior Vice President Insurance and Claims Counsel for Lockton.
Boeck said, “Whether short sellers, reverse mergers or simply weak corporate governance are to blame, Chinese business executives today face an unfamiliar challenge—their companies have become leading targets of the U.S securities litigation bar.
According to Advisen’s Master Significant Case and Action database (MSCAd), Chinese companies were named in 17 percent of the securities class action suits filed in 2011. In total, Chinese firms were hit with 66 securities cases in 2011, compared to just 27 in 2010, according to Advisen’s MSCAd.”
Read the full Advisen Management Liability Journal article here.
Read the full Lockton white paper here. English Simplified Chinese
William A. Boeck
Senior Vice President
Insurance and Claims Counsel