May 16, 2003

More on the Hanover Settlement

Business Week Online has an analysis of the Hanover Compressor settlement and its possible impact on future securities class action settlements.

Quote of note: "Richard Bennett, a corporate-governance consultant in Portland, Me., agrees. 'Hanover Compressor may not be a household name, but it's completely unprecedented to have a publicly traded company acknowledge that board members ought to be accountable to their shareholders,' he says. 'I think you're definitely going to see more [groundbreaking corporate-governance settlements] because shareholders are demanding it.'"

Posted by Lyle Roberts at May 16, 2003 11:51 AM | TrackBack
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