Securities Litigation Reform: Unfinished Business?
Publication Date: July 1998
Publisher: Library of Congress. Congressional Research Service
Author(s):
Research Area: Banking and finance
Type:
Abstract:
This report discusses legislation, H.R. 1653, H.R. 1689, and S. 1260, which would extend the reach of the Private Securities Litigation Reform Act of 1995 (P.L. 104-67) to state courts. Enacted in 1995, P.L. 104-67 attempts to make it more difficult for frivolous securities class action suits to access the federal courts. This report will continue to track the ongoing legislative developments in this area.
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