Thursday, December 13, 2018

Proskauer Rose attorneys warn of collateral consequences in parallel proceedings

Securities cases often are interconnected and difficult to maneuver, and attorneys should not step into parallel proceedings without considering how their choices in one case can filter into other matters, according to Ralph Ferrara, Ann Ashton and Corey Rogoff of Proskauer Rose LLP. In their view, boundaries separating cases appear fuzziest when it comes to shareholder derivative suits. They examine shareholder derivative issues and their unclear link to other securities actions if they address issues such as sequencing parallel proceedings, defending or maintaining objectivity, and managing discovery.

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