Karen Seymour, Tracy Richelle High and William Monahan Author Article for PricewaterhouseCoopers’ 2008 Securities Litigation StudyApril 2009
Ms. Seymour, Ms. High and Mr. Monahan co-authored an article titled, “Now What? Strategic Considerations for Managing Civil Litigation After a Criminal Investigation Has Concluded,” published in PricewaterhouseCoopers’ 2008 securities litigation study. The authors noted that litigation frequently arises following the criminal investigations of current and former executives of a company. The article discussed how companies can best approach this type of litigation, noting that activist shareholders may quickly pursue litigation against the executives involved, which can be very costly. The authors suggested that the company may wish to consider the benefits of quickly filing a lawsuit against those former executives after the criminal investigation – which may be less costly than the filing of shareholder litigation and less risky than appointing a Special Litigation Committee.