Bill Monahan and Adam Magid Co-author Article on the Importance of Retaining Independent Counsel in Investigating Derivative Claims

March 1, 2013

On March 1, The Columbia Law School Blue Sky Blog published the article "Investigating Shareholder Derivative Claims: The Importance of Independent Counsel," co-authored by Bill Monahan and Adam Magid. The article explores situations in which a company is unable to dismiss a shareholder derivative suit due to the prior relationships of counsel investigating the shareholder demand or derivative claims, and stresses the importance of retaining outside counsel with no prior professional relationships with either the company or the individuals.