Sheehan & Associates, P.L.C.

Posts tagged "fraud"

Shareholder class action lawsuits curtailed by Supreme Court

Nothing strikes fear in the hearts of corporate management, both in Michigan and nationwide, like a shareholder class action. On June 23, the Supreme Court has handed down a ruling that imposes new requirements on class-action fraud lawsuits by shareholders. The decision was closely watched and was not quite the sweeping decision that some advocates had been seeking because it only curbs the suits without eliminating them altogether.

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Sheehan & Associates, P.L.C.
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Rochester Hills, MI 48309

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