A New Strain of COVID-19 Shareholder Suit
While we are growing accustomed to pandemic-based shareholder actions relating to improper health and safety disclosures or misrepresentations relating to COVID-19 treatments and tests, this month brings a novel variant of the COVID-19 lawsuit. A Universal Health Services Inc. investor has filed a derivative suit against company officers and directors, claiming they took advantage of a pandemic-related drop in the companys stock price to grant and receive certain stock options that were unfair By: Proskauer - Corporate Defense and Disputes
A New Strain of COVID-19 Shareholder Suit
While we are growing accustomed to pandemic-based shareholder actions relating to improper health and safety disclosures or misrepresentations relating to COVID-19 treatments and tests, this month brings a novel variant of the COVID-19 lawsuit. A Universal Health Services Inc. investor has filed a derivative suit against company officers and directors, claiming they took advantage of a pandemic-related drop in the companys stock price to grant and receive certain stock options that were unfair By: Proskauer - Corporate Defense and Disputes