• Implications of Demands for Personal Contributions to Securities Settlements by Defendant D&Os
  • February 4, 2005
  • Law Firm: Duane Morris LLP - Philadelphia Office
  • First WorldCom, now Enron -- institutional lead plaintiffs are increasingly demanding that individual defendants pay out of their own pockets for corporate frauds. Most alarming about this trend is that the institutional plaintiffs are seeking personal contributions not just from the insiders who orchestrated the corporate frauds, but also from the outside directors who failed to detect and correct the fraud.