Do Banks Price Litigation Risk in Debt Contracting? Evidence from Class Action Lawsuits

2015 ◽  
Vol 42 (9-10) ◽  
pp. 1310-1340 ◽  
Author(s):  
Qingbo Yuan ◽  
Yunyan Zhang
Keyword(s):  
Class Action ◽  
Litigation Risk ◽  
Debt Contracting ◽  
Class Action Lawsuits

U.S. class action lawsuits targeting foreign firms: The country spillover effect

2017 ◽  
Vol 45 ◽  
pp. 378-400 ◽  
Author(s):  
Xuxing Huang ◽  
Yixuan Rui ◽  
Jianfeng Shen ◽  
Gloria Y. Tian
Keyword(s):  
Spillover Effect ◽  
Class Action ◽  
Foreign Firms ◽  
Class Action Lawsuits

scholarly journals The Effects of Securities Class Action Litigation on Corporate Liquidity and Investment Policy

2015 ◽  
Vol 50 (1-2) ◽  
pp. 251-275 ◽  
Author(s):  
Matteo Arena ◽  
Brandon Julio
Keyword(s):  
Investment Decisions ◽  
Market Value ◽  
Corporate Investment ◽  
Class Action ◽  
Investment Policy ◽  
Capital Expenditures ◽  
Litigation Risk ◽  
Securities Litigation ◽  
Corporate Liquidity ◽  
Temporal Effects

AbstractThe risk of securities class action litigation alters corporate savings and investment policy. Firms with greater exposure to securities litigation hold significantly more cash in anticipation of future settlements and other related costs. The result is due to firms accumulating cash in anticipation of lawsuits and not a consequence of plaintiffs targeting firms with high cash levels. The market value of cash is lower for firms exposed to litigation risk. Corporate investment decisions are also affected by litigation risk, as firms reduce capital expenditures in response. Our results are robust to endogeneity concerns and possible spurious temporal effects.

Class Action Lawsuits and Community Empowerment

2003 ◽  
Vol 11 (4) ◽  
pp. 81-99
Author(s):  
Mary Banach ◽  
Deborah Hamilton ◽  
Penelope M. Perri
Keyword(s):  
Community Empowerment ◽  
Class Action ◽  
Class Action Lawsuits

When Governance Fails: Naming Directors in Class Action Lawsuits

2014 ◽  
Author(s):  
Claire E. Crutchley ◽  
Kristina Minnick ◽  
Patrick J. Schorno
Keyword(s):  
Class Action ◽  
Class Action Lawsuits
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