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Avoiding securities class actions arising from Y2K issues

Brian W. Smith (Mayer, Brown & Platt, Washington, DC, USA)
Andrew J. Morris (Mayer, Brown & Platt, Washington, DC, USA)

Information Management & Computer Security

ISSN: 0968-5227

Article publication date: 1 October 1999

Abstract

The threat of securities class actions haunts every public company. The threat probably is worst for information technology companies. Similarly, Y2K claims may threaten every company, and probably are greatest for those most dependent on information technology. It follows that the combination of these risks ± of securities class actions resulting from any of the countless types of possible Y2K claims ± presents public companies with a formidable problem. This article provides an overview of the implications of Y2K for securities class actions, and identifies some practical steps for minimizing the risks from Y2K‐related securities claims.

Keywords

Citation

Smith, B.W. and Morris, A.J. (1999), "Avoiding securities class actions arising from Y2K issues", Information Management & Computer Security, Vol. 7 No. 4, pp. 178-185. https://doi.org/10.1108/09685229910292709

Publisher

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MCB UP Ltd

Copyright © 1999, MCB UP Limited