CEO compensation practices that are poorly aligned with shareholder interests remain a powerful indicator of potential securities litigation, according to a study of securities class-action litigation conducted by The Corporate Library as part of a year-end report.
The report, like others conducted recently by NERA and Stanford Law School’s Securities Class Action Clearinghouse, points to another year of increased litigation in 2008 and the growing involvement of institutional investors.
The study examines the second-year effectiveness of The Corporate Library's SCA Risk Ratings to identify and predict the probability of companies being hit with securities class- action suits.
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