The Section 11 Due Diligence Defense for Director Defendants

Authors

Tony Rodriguez, Morrison & Foerster LLP
Karen Petroski, Saint Louis University School of Law

Document Type

Article

Publication Date

Summer 2007

Abstract

This article is about the directors’ due diligence affirmative defense to a claim under Section 11 of the Securities Act of 1933.1 Section 11 creates a due diligence defense for directors and several categories of defendants, including accountants and underwriters.2

Recommended Citation

Rodriguez, Tony & Petroski, Karen. The Section 11 Due Diligence Defense for Director Defendants. Securities Litigation Journal, Summer 2007.