In 1995, Congress enacted the Private Securities Litigation Reform Act (“PSLRA”) to curtail abusive class action litigation involving nationally traded securities. See Roland v. Green, 675 F.3d 503, 507. PSLRA was designed to combat rampant “nuisance...
Private Securities Litigation Reform Act
(LIIBULLETIN preview)
(Wex page)
Overview
The Securities and Exchange Act of 1934 ("1934 Act," or "Exchange Act") primarily regulates transactions of securities in the secondary market. As such, the 1934 Act typically governs transactions which take place between parties which are...