Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits
Jonathan Brogaard, Nhan Le, Duc Duy Nguyen, and Vathunyoo Sila ♦ Using three exogenous shocks to ex ante litigation risk, including federal judge ideology and two influential judicial precedents, we find that lower shareholder litigation risk reduces a firm’s propensity to delist from…