The article discusses how securities class actions in the U.S. are being debated for reform. Different reports highlight how these lawsuits may put U.S. markets at a disadvantage compared to foreign markets. The Private Securities Litigation Reform Act of 1995 made significant changes to how plaintiffs are chosen for class actions, aiming to prevent weak cases from moving forward. The Act introduced stricter requirements for fraud allegations and limited plaintiffs' ability to gather evidence before the court decides on the case. These changes were meant to improve the quality of securities class actions in the U.S.