This is the first comprehensive examination of the stock option backdating litigation. One reason why it is important to study the stock option backdating litigation is that it was a blend of financial reporting fraud and executive misappropriation of assets. Sometimes the executive...

Executive compensation has been intensely discussed in theory and practice of corporate law. Recently, the discussion has reached the shore of criminal law. The 2008 financial crisis forecasts high profile cases involving this issue. This paper examines Spanish provisions regulating this matter,...

The primary conclusion from prior literature is that firm size, as a measure of firm resources and capacity to pay, is a key predictor of class action securities settlement amount, and the merits of the case are less important in settlement negotiations. The purpose of this study is to shed...

This paper empirically analyzes the functions of directors' and officers' (D&O) liability insurance in corporate governance in Taiwan, it also reexamines the fundamental issue on the litigation risk of directors and officers. This research argues that litigation risk of directors, which is...

This article explains what independent fund directors should know about fund litigation. While independent directors were named defendants in prior lawsuits – for example, § 36(b) excessive fee lawsuits – the scope of litigation that followed 2003 was without precedent both in terms of the...