Question

Provide a brief example from a news article or court case within the last three years that demonstrates corporate director or officer liability in the United States.

Answer 1

Here I am giving an example of last year that demonstrates corporate director or officer liability in the United States.

Example - As per a news article 2017 is an eventful year for showing corporate director or officer liability.

Securities Lawsuit Filings - There was the highest number of lawsuit filings (415 securities class action) occurred in 2017 after 2001. A good number of federal court merger objection lawsuits make this large number of securities class action.

In 2017 the rate of litigation is also so high which is a number of securities suit filings by public companies. The rate is 5.6% for all filings and 3.9% for traditional securities suit filings. This is so much high number as in previous years the average percentage for all filings is 2.8.

There were also 3 other lawsuits besides federal court merger objection lawsuits which play an important role in securities suit filings. These 3 lawsuits are - event-driven lawsuits, cryptocurrency-related lawsuits, and data breach-related securities lawsuits.