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Expert Analysis

After Plaintiffs Win Verdict In Securities Class Actions

Law360, New York ( September 9, 2015, 10:15 AM EDT) -- Twenty years before December of this year, Congress passed, over the veto of President Bill Clinton, amendments to the federal securities laws commonly called the Private Securities Litigation Reform Act, or PSLRA. The expressed purpose of the PSLRA was to rein in investor private enforcement of the securities laws, particularly and specifically through class actions by, among other things, raising pleading standards, directing procedures for the selection of the lead plaintiffs and their chosen lead counsel, limiting alleged losses, and setting standards for class action notices....

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