New York Law Journal Publishes Litigators’ Article on Director Pay
Litigation & enforcement partners David Hennes and Adam Harris co-authored a New York Law Journal article that discusses how director pay remains a prime target of the plaintiffs’ bar. These suits, in which shareholders allege that director pay is excessive and constitutes a breach fiduciary duty, are increasingly common, and have resulted in significant settlements by a number of high-profile companies. The authors discuss the increase in this type of litigation over the last several years, recent case law, and practical advice for boards to mitigate the risk of these claims.