Too Much, Too Late: Unintended Consequences of Texas Securities Class Action Reform

Gov. Rick Perry included significant changes to Texas class action law in a broad litigation reform measure, House Bill 4, which became effective in July 2003. The state legislation affected civil procedures for a wide range of substantive law, including class action, tort, medical malpractice and health care liability. But the legislative reform of House Bill 4 may be too much, too late in light of the trend away from hasty class certification in Texas.

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