About the Author
Howard M. Privette
Howard M. Privette is a partner in the Securities Litigation & Enforcement practice of Paul Hastings LLP. With a M.A. in Economics in addition to his law degree, Mr. Privette has been active in efforts to limit the effect of the fraud on the market doctrine in securities class actions.
Given the ubiquitous nature of the risks and the potentially high stakes of data breaches, it is incumbent upon business leaders to exercise due care in overseeing an appropriate response to cyber threats.
November 21, 2013 | By Howard M. Privette
The fraud on the market doctrine is the conceptual linchpin used by courts to allow most securities fraud claims to be brought as shareholder class actions.
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