U.S. Securities Class Action Litigation: Alarm Bells and Reform Proposals

Last fall, the U.S. Chamber Institute for Legal Reform issued a paper detailing the ways in which the U.S. securities class action litigation system is “spinning out of control,” and calling for a renewed wave of securities litigation reform. In a new paper, entitled “Containing the Contagion: Proposals to Reform the Broken Securities Class Action System,” the Institute renews the call for reform and sets out a series of specific proposals intended address the “abuses” the paper identifies. The current securities class action litigation system, according to the paper, is “plainly broken, harming investors and our capital markets.” The Institute’s February 25, 2019 paper can be found here.   The Institute’s latest paper, discussed below, was prepared in conjunction with an event to take place on the morning of February 26, 2019 at the National Press Club in Washington, D.C. (as detailed here). The latest paper was…

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