Coronavirus Implications For Securities Litigation

The coronavirus disease known as COVID-19 and a related oil price war have delivered a one-two punch to global markets, sending stocks plunging in the largest point fall ever for major indices. As of March 27, 2020, the Dow Jones Industrial Average had dropped more than 7,914 points (over 26%) in a matter of weeks, and the future of any investment remains uncertain.

Hundreds of public companies have already issued statements about the effect of COVID-19 on their earnings and other business metrics, and many have downgraded prior forecasts as COVID-19 spreads and yet more customers, supply chains, and work environments are affected.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Quinn Emanuel

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