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Despite the increase in securities class action filings since the Private Securities Litigation Reform Act passed in 1995, issues relating to class certification are largely undeveloped. Changes in market fundamentals, divergent investor trading habits and class action damage models, when coupled with the recent case law, mandate a rethinking as to when class certification is appropriate.
March 29, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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