Tip of the Month, September 2009 - Managing the Risks and Costs of Responding to Civil Third-Party Subpoenas
30 September 2009
Mayer Brown Legal Update
Scenario: A large, publicly traded manufacturing company is sued by a class of shareholders claiming various securities law violations as well as a failure to disclose the declining sales of one of the company’s manufactured items. The plaintiff class issues a subpoena for documents to a key supplier of the manufactured item at issue.