Gatekeeper Liability: When Auditors, Underwriters, and Directors Get Pulled Into a Securities Suit
By Thomas Przybylowski, Securities Litigation Attorney At a Glance Plaintiffs often name the auditor, the underwriters, and the outside directors alongside the company itself, but private securities law does not treat helping a fraud the same as committing one. Since Central Bank of Denver v. First Interstate Bank (1994), private plaintiffs cannot sue for aiding […]