• In Re Worldcom, Inc. Securities Litigation: Due Diligence For Underwriters And Directors
  • March 20, 2005 | Author: Bruce C. Bennett
  • Law Firm: Covington & Burling LLP - New York Office
  • Late last year, the Southern District of New York decided a significant case regarding the due diligence defense for underwriters and directors under Section 11 of the Securities Act of 1933. The decision is already seen as a landmark in this area.