Edited by Sean Griffith, Jessica Erickson, David H. Webber and Verity Winship
Chapter 10: Forum shopping in the bargain aisle: Wal-Mart and the role of adequacy of representation in shareholder litigation
This chapter addresses the interaction among representative stockholder suits brought in multiple, competing jurisdictions. Focusing on the US and Delaware context, they articulate an approach to limiting litigants’ incentives to file quickly and settle quickly. The chapter proposes a framework for courts to assess adequacy of representation when considering the preclusive effects of a prior judgment.
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