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The Private Securities Reform Act of 1995

Document Type

Article

Language

English (en)

Publication Date

1996

Publication Title

Arizona Law Review

Abstract

The background of the Private Securities Reform Act of 1995 dates back at least to legislative events in 1993. In June and July 1993, the Securities Subcommittee of the Senate Banking, Housing and Urban Affairs Committee held hearings concerning private class action litigation under the federal securities laws. Among other topics considered were (a) whether joint-and several liability among defendants should be replaced with a system for allocation of liability among defendants, and (b) whether attorneys' fee shifting should be the norm.

Keywords

Private Securities Reform Act, Securities Law

Publication Citation

Joel Seligman, Private Securities Reform Act of 1995, 38 Ariz. L. Rev. 717 (1996)

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