Social Sciences
4 years ago

Private securities class actions in Australia: leveling the playing field for investors.

SSRN Electronic Journal
Australian Private Securities Class Actions and Public Interest: Assessing the 'Private Attorney-General' by Reference to the Rationales of Public Enforcement
Michael Duffy

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Private securities class actions in Australia are being debated for their value. This study looks at whether these actions serve the public interest by supplementing public enforcement of securities laws. By analyzing data from successful class actions, the researchers found that private securities class actions can help achieve the objectives of public enforcement.