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Expert Analysis

The Latest Trends In Multiforum Securities Litigation

By Aurora Cassirer, Mary Weeks, Daniel Gorman and Bianca DiBella ( April 30, 2019, 12:45 PM EDT) -- The intent and purpose of the Private Securities Litigation Reform Act of 1995 and the Securities Litigation Uniform Standards Act of 1998 continue to be eroded as plaintiffs exert pressure on defendants by filing parallel securities actions in both federal and state courts, and often, in both forums simultaneously. The trends contributing to such erosion are both daunting and indicative of a need for legislative reforms. They have not, however, eliminated certain strong strategies available in defending against securities litigation....

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