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Parallel Proceedings

Parallel Proceedings

Definition

Parallel Proceedings — legal proceedings against corporate directors and officers that are separate from, but related to and therefore parallel to, securities class action lawsuits. There are five types of parallel proceedings: (1) derivative lawsuits; (2) opt-out lawsuits; (3) Employee Retirement Income Security Act (ERISA) stock drop litigation; (4) investigations by regulatory agencies; and (5) criminal proceedings.

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