An Underused Arsenal Of Securities Suit Defenses

Law360, New York (January 23, 2015, 4:19 PM EST) -- On Dec. 19, 1995, President Bill Clinton vetoed the Private Securities Litigation Reform Act, commonly known as the PSLRA. Days later, the United States House and Senate both overrode the president's veto with strong support from Democrats and Republicans alike, and the bill became law on Dec. 22, 1995.

Politics aside, the PSLRA is a gift to an individual or entity named as a defendant in a federal securities lawsuit. It was passed for the express purpose of ending abusive practices committed in private securities litigation, including "strike suits," where a party files suit based on the scantest of evidence in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!