Legal opportunism is a term coined in a 2015 article in the ''
Journal of Business Research
The ''Journal of Business Research'' is a monthly peer-reviewed academic journal covering research on all aspects of business. It was established in 1973 and is published by Elsevier. The editors-in-chief are Naveen Donthu (Georgia State University ...
'' to describe litigation following an
IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
to recover potential losses after negative stock developments, regardless of the legal merits of the claim.
The authors conclude that the best predictor of post-IPO litigation is not the legal merits of any potential claim, but rather the amount of potential recovery and the assets of the targeted corporation.
References
{{Law-term-stub
Legal terminology