US EditionThe History of Stockholder Suits, as Told by PACER
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The History of Stockholder Suits, as Told by PACER
In 1995, Congress passed the Private Securities Litigation Reform Act, or PSLRA. The law was designed to stem the tide of allegedly frivolous securities lawsuits. Such lawsuits are filed under Rule 10(b) of the Securities Exchange Act of 1934, and generally allege that the plaintiff’s investment holdings were devalued, via a decrease in stock price, by the misstatements or omissions of the defendant corporation. The PSLRA raises the pleading requ
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