Securities-fraud litigators in Philadelphia are as busy as ever despite legislation designed to make it more difficult to accuse public companies of dishonesty. The constant level of activity reflects national figures showing that the number of stock-fraud lawsuits reached a record high last year. Class-action lawyers say that instead of slowing the pace, the 1995 law has caused plaintiffs to become more selective while allowing defendants to prevent more cases from proceeding past the filing stage.
August 12, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Securities-fraud litigators in Philadelphia are as busy as ever despite legislation designed to make it more difficult to accuse public companies of dishonesty.
The constant level of local activity reflects national figures showing that the number of stock-fraud lawsuits reached a record high last year.
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