News & Events

Jonathan Youngwood and Lynn Neuner, Global Co-Chairs of the Firm’s Litigation Department, were quoted in an AmLaw Litigation Daily article titled, “The Regional Bank Swoon Yielded a Securities Class Action Boomlet,” which explored findings from Cornerstone Research’s midyear securities class action filings report. When discussing trends, Jon commented on how turbulence in the banking industry was reflected in the securities filings, noting that litigation often follows market disruption and that there may be “long-tailed, complex cases that will go deep into discovery” if cases survive motion to dismiss. Lynn identified a shift in the number of state court filings in the report, noting that years ago plaintiff’s counsel would be opting for judges in state courts who may not be as familiar with both the M&A field and the Section 11 field, but currently these filings are down.

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