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SECURITIES LITIGATION REFORM: UNFINISHED BUSINESS? (CRS Report for Congress)

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Release Date Revised Dec. 4, 1998
Report Number 98-350
Report Type Report
Authors Gary Shorter, Economics Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   July 14, 1998 (27 pages, $24.95) add
Summary:

This report discusses legislation, H.R. 1653, H.R. 1689, and S. 1260, which would extend the reach of the Private Securities Litigation Reform Act of 1995, P.L. 104-67) to state courts. Enacted in 1995, P.L. 104-67 attempts to make it more difficult for frivolous securities class action suits to access the federal courts. On October 13, 1998, P.L. 105-353, which emerged from H.R. 1689 and S. 1260, was signed into law.