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Join the Securities Litigation and Enforcement Group on LinkedInThe Continuing Problem of Frequent Filers in Securities Litigation | The D&O Diary
When Congress enacted the Private Securities Litigation Reform Act (PSLRA) in 1995, it aimed to address perceived abuses in securities class action litigation. Among the ills Congress sought to address was the prevalence in securities litigation at the time of “professional plaintiffs” — that is, repeat players who lent their names to lawyer-driven lawsuits without […]