Shareholder Derivative Suits – The Next Wave of COVID-19 Litigation?
The COVID-19 pandemic has led to a variety of claims brought by employees. Recently-filed cases are taking a new tack; shareholders are bringing derivative suits and securities claims related to companies’ coronavirus responses. These cases generally fall into two categories. The first relates to a company’s failure to implement appropriate safety measures to reduce the risk of infection to employees, customers, or the general public. Shareholders allege that these actions (or inactions) harm the company…