Shareholder Litigation in the Fund Industry: A Guide for Investment Advisers and Fund Independent Directors (2019)

examines the general nature, number, and outcomes of the hundreds of securities-related lawsuits brought by the plaintiffs’ bar against funds, fund advisers, and/or fund directors and officers over the course of this century. It serves as both a high-level introduction to “entrepreneurial litigation” risk in the modern fund industry and as a basic framework to assist advisory personnel and fund independent directors to better understand how this risk may manifest itself in the years ahead.