SEC Roundtable To Re-Examine Shareholder Suits

Law360, New York (September 24, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission will hold a roundtable discussion next spring to discuss possible revisions to regulations governing class action shareholder lawsuits.

Bloomberg News reported on Friday that the SEC will hold the forum to determine if shareholder lawsuits are making U.S. companies less competitive. The panel will look into the effects of shareholder litigation in U.S. capital markets, shareholder value and investor protection, according to a statement issued by SEC Chairman Christopher Cox.

The roundtable comes in response to a growing concern over...
To view the full article, register now.