Shareholder Lawsuits Increasing, Says Securities Expert; Morris, Manning & Martin, LLP Partner is Dartmouth Executive in Residence

Apr 30, 2001, 01:00 ET from Morris, Manning & Martin, LLP

    ATLANTA, April 30 /PRNewswire/ -- The uncertain economy means an increase
 in shareholder lawsuits which could further impact the economy, says Dartmouth
 Executive in residence and Morris, Manning & Martin LLP partner Sandy Smith.
     The Atlanta attorney will address MBA candidates at Dartmouth's Tuck
 School of Business Wednesday, May 2.  His topic will be securities litigation.
     "Shareholders suits are on the rise," Smith says, "and managers need to
 understand how the process works.  "Shareholders lawsuits are part and parcel
 of the climate of the economy," he adds.
     Declining stock prices make businesses more vulnerable to lawsuits, he
 says.  What's more, as companies rethink their business plans, the possibility
 increases that statements made in better times could be construed as material
 misstatements.
     Nevertheless, Smith stresses, bad results or even bad management alone are
 not grounds for the private litigation of shareholder lawsuits.  Directors and
 management do have some protection under the law.
     This is the second consecutive year Smith has been named Executive in
 Residence at The Amos Tuck School at Dartmouth College.  He earned his MBA
 from Dartmouth in 1981.  He earned his B.A. degree from Stanford in 1978, and
 his J.D. from Duke University in 1984.
     Smith is a partner in Morris, Manning & Martin LLP's corporate and
 securities department, leading teams of specialists to help clients plan and
 achieve their business objectives.  His diverse practice includes managing,
 negotiating, and completing complex corporate and financial transactions for
 both private and public industries.  Smith also handles the formation and
 management of investment funds, and investment and money managers, including a
 variety of industry holding and operating companies and business incubators.
 Mr. Smith also has extensive experience in an advisory role for boards of
 directors regarding corporate governance and the fiduciary duties of directors
 and management in connection with public or private transactions.
 
     Morris, Manning & Martin, LLP
     Morris, Manning & Martin, LLP (www.mmmlaw.com ) is involved in a
 sophisticated commercial transactional and litigation practice.  The firm
 enjoys national prominence for its role in the technology, real estate,
 corporate financial/securities, insurance and healthcare industries.  Its
 attorneys' abilities to act as advisors to growing companies has helped make
 the firm a regional leader in technology law through its work on IPOs, venture
 capital deals and intellectual property issues.  In 1999, the firm handled
 more IPOs than any other firm in the southeast, and was 9th in the nation when
 ranked by dollars raised.  In 2000, it also facilitated more than $580 million
 of financing for its clients during 2000, including 9 of the top 25 venture
 capital deals in the southeast, and represented clients in mergers and
 acquisitions worth more than $7 billion.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X57826685
 
 

SOURCE Morris, Manning & Martin, LLP
    ATLANTA, April 30 /PRNewswire/ -- The uncertain economy means an increase
 in shareholder lawsuits which could further impact the economy, says Dartmouth
 Executive in residence and Morris, Manning & Martin LLP partner Sandy Smith.
     The Atlanta attorney will address MBA candidates at Dartmouth's Tuck
 School of Business Wednesday, May 2.  His topic will be securities litigation.
     "Shareholders suits are on the rise," Smith says, "and managers need to
 understand how the process works.  "Shareholders lawsuits are part and parcel
 of the climate of the economy," he adds.
     Declining stock prices make businesses more vulnerable to lawsuits, he
 says.  What's more, as companies rethink their business plans, the possibility
 increases that statements made in better times could be construed as material
 misstatements.
     Nevertheless, Smith stresses, bad results or even bad management alone are
 not grounds for the private litigation of shareholder lawsuits.  Directors and
 management do have some protection under the law.
     This is the second consecutive year Smith has been named Executive in
 Residence at The Amos Tuck School at Dartmouth College.  He earned his MBA
 from Dartmouth in 1981.  He earned his B.A. degree from Stanford in 1978, and
 his J.D. from Duke University in 1984.
     Smith is a partner in Morris, Manning & Martin LLP's corporate and
 securities department, leading teams of specialists to help clients plan and
 achieve their business objectives.  His diverse practice includes managing,
 negotiating, and completing complex corporate and financial transactions for
 both private and public industries.  Smith also handles the formation and
 management of investment funds, and investment and money managers, including a
 variety of industry holding and operating companies and business incubators.
 Mr. Smith also has extensive experience in an advisory role for boards of
 directors regarding corporate governance and the fiduciary duties of directors
 and management in connection with public or private transactions.
 
     Morris, Manning & Martin, LLP
     Morris, Manning & Martin, LLP (www.mmmlaw.com ) is involved in a
 sophisticated commercial transactional and litigation practice.  The firm
 enjoys national prominence for its role in the technology, real estate,
 corporate financial/securities, insurance and healthcare industries.  Its
 attorneys' abilities to act as advisors to growing companies has helped make
 the firm a regional leader in technology law through its work on IPOs, venture
 capital deals and intellectual property issues.  In 1999, the firm handled
 more IPOs than any other firm in the southeast, and was 9th in the nation when
 ranked by dollars raised.  In 2000, it also facilitated more than $580 million
 of financing for its clients during 2000, including 9 of the top 25 venture
 capital deals in the southeast, and represented clients in mergers and
 acquisitions worth more than $7 billion.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X57826685
 
 SOURCE  Morris, Manning & Martin, LLP