The key word is litigation. We do have corporate colleagues, but their expertise and their topics are not ours and not the purpose of this newsletter. We plan, on a monthly basis, to update you on lawsuits — including avoiding them and defending them — between companies and their shareholders.
Our subjects will include the obvious current anxiety promoters, revenue recognition and insider trading as well as trends in shareholder suits generally, including those suits brought not against the company but supposedly for the benefit of the company. We will also report, among other things, on corporate governance and directors' and officers' liability insurance. Our focus will be on developments in the Boston area — especially decisions under the federal securities laws emanating from our local federal district court. We hope, however, not to be too parochial, especially since yesterday's development in California is sometimes tomorrow's precedent in New England.
Above all, this newsletter is determined not to be conventional lawyer publicity. We are not planning to trumpet the cases we just won — unless they possess a broader significance — or the deals we just closed. (As litigators, we don't close many deals.) We are here to comment on matters that matter.
Finally, we do admit that all the authors of the pieces we send you will be lawyers. We confess our vocational liability but promise to do our best to be concise, clear and even — if our fellow professionals will forgive us — occasionally humorous, but not so humorous as to invite the wrath of the organized bar.