Brass Tacks

Readers unfamiliar with securities class action litigation may wonder about The 10b-5 Daily’s focus on motions to dismiss and settlements. Simply put, that’s where the action is in this area of the law. If a securities class action is not dismissed, it is usually settled. Which is why, in part, Congress chose to heighten the pleading standards for securities litigation when it enacted the Private Securities Litigation Reform Act.

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