In a new blog post published on the Harvard Law School Forum on Corporate Governance, Professor Verity Winship examines a "blindspot in the law and its analysis": suits brought by investors against the company in which they own shares. Reviewing literature on "unicorn" companies, private companies valued over $1 billion, Winship discovered a few interesting and unique aspects of shareholder suits against these groups. She found such cases are rare and predominantly based on state-law claims, and their rarity may be due to procedural limitations, investment structures, and the absence of market prices, necessitating a new approach to align regulatory frameworks with the realities of modern private companies.  

Read more on the Harvard Law School Forum on Corporate Governance.