Legal opportunism
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Legal opportunism is a term coined in a 2015 article in the Journal of Business Research to describe litigation following an IPO to recover potential losses after negative stock developments, regardless of the legal merits of the claim.[1] The authors conclude that the best predictor of post-IPO litigation is not the legal merits of any potential claim, but rather the amount of potential recovery and the assets of the targeted corporation.
References[edit]
- ^ Walker, Thomas; Turtle, Harry; Pukthuantthong, Kuntara; Thiengtham, Dolruedee (February 2015). "Legal opportunism, litigation risk, and IPO underpricing". Journal of Business Research. 68 (2): 326–340. doi:10.1016/j.jbusres.2014.06.025. S2CID 14929631. Retrieved May 6, 2022.
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