Race To The Courthouse

Although the PSLRA was supposed to stop the race to the courthouse in securities class action litigation by creating a formal lead plaintiff selection process, anecdotal evidence suggests that plaintiffs’ firms continue to believe there is an advantage to being the first filer. The Denver Post examines how it is that Invesco Funds Group was sued almost immediately following the announcement of an investigation by the New York Attorney General into the organization’s trading practices.

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