Newsletter Kirkland & Ellis LLP

Structured Notes Litigation

It is axiomatic that steep declines in securities prices draw out the securities plaintiffs bar, especially when securities sold to retail customers are at issue. Since January 2008, U.S. equity markets have fallen more than 30% with overseas markets following suit. That alone would be sufficient to fuel plaintiffs’ appetite to seek redress for their market losses. But in this economic downturn, plaintiffs attorneys have a new target to shoot at — structured derivative notes sold to retail customers.