November 15, 2005

Alito And Securities Class Actions

Fortune has an article on Supreme Court nominee Judge Samuel Alito's record in business cases. The article briefly discusses a securities class action decision that was favorable for the defendant company.

Quote of note: "In a shareholder class action suit brought against Burlington Coat Factory after its stock price plummeted, Alito’s opinion came down on the side of the company, but in a nuanced way. 'It suggests that he’s not particularly hostile to securities plaintiffs and many judges are,' says David Hoffman, who teaches corporate law at Temple University."

Posted by Lyle Roberts at November 15, 2005 6:52 PM | TrackBack
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