Hartzell, Jay C. (contributor); Titman, Sheridan (contributor) - 2010
. Chapter 2 examines the wealth effects of litigation events on the firms involved, as wellas on their industry peers. I find … that litigation events have a strong negative effect on boththe firms sued, as well as their competitors. Chapter 3 … thatgreater litigation exposure leads firms to choose higher leverage. I show that this leverageincrease is brought on by an …