In re SmileDirectClub Securities Litigation
Published on:
June 9, 2026
Committee:
Court:
Chancery Court
(Davidson County, TN)
Amicus Issue:
Whether a proposed settlement in securities litigation – which includes a provision that non-settling underwriter defendants cannot seek contribution from the settling individuals if the underwriters go to trial and are found liable for damages – may also include a provision that those same underwriters are not allowed to set-off any future damages award by the amount of the underwriters’ proportionate fault.
Counsel of Record:
Bass, Berry & Sims PLC
Britt K. Latham
Margaret V. Dodson
Grace E. Platt
Other Amici:
None.