Be careful what you ask for. You may just get it. Take the Private Securities Litigation Reform Act, which Congress passed in 1995 with strong support from the securities defense bar. The Act was designed to deter frivolous class action "strike suits" against companies and create uniformity in the way courts handle securities fraud complaints. Five years later those goals seem more elusive than ever.
October 26, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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