Observations on the First Wave of Securities Litigation Amid COVID-19
- Michael Bongiorno, Jessica Lewis, Robert Smith
- 7.1.2020
In the article "Observations on the First Wave of Securities Litigation Amid COVID-19," published in the July 2020 issue of INSIGHTS, Partner Michael Bongiorno, Counsel Jessica Lewis and Robert Kingsley Smith, and Senior Associate Sierra Shear explore the securities litigation complaints related to COVID-19 or filed amid the pandemic and provide preliminary observations for companies navigating economic changes and new market dynamics amid COVID-19.
Excerpt: The spread of COVID-19 has ushered in rapid changes to the global economy. Almost overnight, some industries, such as hospitality and retail, faced major disruptions as consumers placed their plans and purchases on hold. In others, such as the medical supply industry, natural opportunities arose from the crisis as companies rushed to develop or to sell products used to treat COVID-19. And still other industries, such as parts of the technology sector and retailers with strong supply/delivery chain management already in place, saw an unexpected flood of demand as businesses and consumers rapidly changed their communication and shopping habits.
