Large, well-funded corporations are poised to assume a new role in securities litigation: victims of deception. So predicts Perkins Coie partner Patrick Collins, who told The National Law Journ, “We are hearing from sophisticated corporate plaintiffs who claim they were not told all the material facts.” According to Collins, this type of claim had previously been the province of “unsophisticated individual investors” and pursued through class actions. It is much more difficult for major corporations, with their huge investments of time and money in due diligence, to claim they were simply hoodwinked. Yet two recent cases —BP v.
-posted by brian
Bill Lerach and his hair
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