Business, Management and Accounting
4 years ago

New Securities Laws Change Game for Multidefendant Litigation Settlements

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SSRN Electronic Journal
Contribution and Proportionate Liability under the Federal Securities Laws in Multidefendant Securities Litigation after the Private Securities Litigation Reform Act of 1995
Marc I. Steinberg, Christopher D. Olive

Paper Summary

The article discusses how multidefendant securities lawsuits face challenges due to partial settlements and joint liability. In 1995, the Private Securities Litigation Reform Act changed the rules for partial settlements under federal securities laws. The focus is on Title II of the Act, which aims to address issues related to joint liability and common law precedent in securities litigation.

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