The Financial Times quoted partner Chris Warren-Smith in an article about a first-of-its-kind shareholder lawsuit that is going to trial in England, emphasizing that the lawsuit aims to affirm the principle that companies should be responsible to their shareholders for actions that lead to substantial financial losses due to unethical or illegal behavior.
Chris said Morgan Lewis clients were “seeking confirmation that the law holds companies accountable to their shareholders for serious misconduct that destroys shareholder value.”
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