On the Dynamics of Securities Class Action Litigation

On the Dynamics of Securities Class Action Litigation PDF Author: Mira Chaghouri
Publisher:
ISBN:
Category :
Languages : en
Pages :

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On the Dynamics of Securities Class Action Litigation

On the Dynamics of Securities Class Action Litigation PDF Author: Mira Chaghouri
Publisher:
ISBN:
Category :
Languages : en
Pages :

Get Book Here

Book Description


Global Securities Litigation and Enforcement

Global Securities Litigation and Enforcement PDF Author: Pierre-Henri Conac
Publisher: Cambridge University Press
ISBN: 1108577423
Category : Law
Languages : en
Pages : 1363

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Book Description
Global Securities Litigation and Enforcement provides a clear and exhaustive description of the national regime for the enforcement of securities legislation in cases of misrepresentation on financial markets. It covers 29 jurisdictions worldwide, some of them are important although their law is not well known. It will be an invaluable resource for academics and students of securities litigation, as well as for lawyers, policy-makers and regulators. The book also provides a comprehensive contribution debate on whether public or private enforcement is preferable in terms of development of securities markets. It will appeal to those interested in the legal origins theory and in comparative securities law, and shows that the classification of jurisdictions within legal families does not explain the differences in legal regimes. While US securities law often serves as a model for international convergence, some of its elements, such as securities class actions, have not been adopted worldwide.

Trends in Securities Class Action Suits

Trends in Securities Class Action Suits PDF Author:
Publisher:
ISBN: 9780314205117
Category : Class actions (Civil prodedure)
Languages : en
Pages : 22

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Economic Consequences

Economic Consequences PDF Author: Mukesh Bajaj
Publisher:
ISBN:
Category :
Languages : en
Pages : 47

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The recent decision of th ...

Corporate Finance For Dummies

Corporate Finance For Dummies PDF Author: Michael Taillard
Publisher: John Wiley & Sons
ISBN: 1118412796
Category : Business & Economics
Languages : en
Pages : 371

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Book Description
Score your highest in corporate finance The math, formulas, and problems associated with corporate finance can be daunting to the uninitiated. Corporate Finance For Dummies introduces you to the practices of determining an operating budget, calculating future cash flow, and scenario analysis in a friendly, un-intimidating way that makes comprehension easy. Corporate Finance For Dummies covers everything you'll encounter in a course on corporate finance, including accounting statements, cash flow, raising and managing capital, choosing investments; managing risk; determining dividends; mergers and acquisitions; and valuation. Serves as an excellent resource to supplement coursework related to corporate finance Gives you the tools and advice you need to understand corporate finance principles and strategies Provides information on the risks and rewards associated with corporate finance and lending With easy-to-understand explanations and examples, Corporate Finance For Dummies is a helpful study guide to accompany your coursework, explaining the tough stuff in a way you can understand.

The Irrationality of Shareholder Class Action Lawsuits

The Irrationality of Shareholder Class Action Lawsuits PDF Author: Patrick M. Garry
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This article examines shareholder class actions and offers a proposal for reforming this area of litigation. After describing the nature and dynamics of these lawsuits (see Part II), the article in Part III outlines the criticisms of shareholder class actions. These criticisms take two basic forms, one of which mirrors those made against class action lawsuits in general, and another which is unique to shareholder lawsuits. As to the former, shareholder class actions often result in relatively trivial payments to the class members, while plaintiffs' lawyers receive millions of dollars in fees; and the class members have virtually no say in the conduct of the lawsuit or the terms of any settlement. As to the latter type of criticism made against shareholder class actions, the lawsuits often contain an inherent irrationality, at least from the standpoint of the plaintiffs themselves. The lawsuits are brought by stockholders against their own corporation. Since any settlement basically comes out of the shareholders' own assets, accompanied by an extremely high transaction price in the form of lawyers' fees, the lawsuit can actually yield a net negative return to the class members. Evidence suggests that shareholder class action litigation results more from a company's stock price movements than from the actual commission of fraud by the corporation. The connection between stock market movements and shareholder class action filings is discussed in Part IV, as are various studies analyzing the underlying merits of such lawsuits. In Part VI, a reform proposal is offered, which aims to take advantage of the unique role that shareholders occupy vis-à-vis the corporation. Most other class actions involve plaintiffs who have no legal or economic connection to defendants. Most, for instance, involve lawsuits brought by consumers against the manufacturers of allegedly defective products. In shareholder litigation, however, the plaintiffs are the owners of the defendant corporation, and hence in a unique position to remedy past misdeeds of the corporation and to deter future wrongdoing. Recognizing that shareholder class actions have failed to produce any real compensatory relief to injured investors and that such actions can actually have negative effects on shareholders, the reform proposal offered in Part VI concentrates exclusively on the goal of deterring future securities fraud.

The Conservative Case for Class Actions

The Conservative Case for Class Actions PDF Author: Brian T. Fitzpatrick
Publisher: University of Chicago Press
ISBN: 022665933X
Category : Law
Languages : en
Pages : 283

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Book Description
Since the 1960s, the class action lawsuit has been a powerful tool for holding businesses accountable. Yet years of attacks by corporate America and unfavorable rulings by the Supreme Court have left its future uncertain. In this book, Brian T. Fitzpatrick makes the case for the importance of class action litigation from a surprising political perspective: an unabashedly conservative point of view. Conservatives have opposed class actions in recent years, but Fitzpatrick argues that they should see such litigation not as a danger to the economy, but as a form of private enforcement of the law. He starts from the premise that all of us, conservatives and libertarians included, believe that markets need at least some rules to thrive, from laws that enforce contracts to laws that prevent companies from committing fraud. He also reminds us that conservatives consider the private sector to be superior to the government in most areas. And the relatively little-discussed intersection of those two beliefs is where the benefits of class action lawsuits become clear: when corporations commit misdeeds, class action lawsuits enlist the private sector to intervene, resulting in a smaller role for the government, lower taxes, and, ultimately, more effective solutions. Offering a novel argument that will surprise partisans on all sides, The Conservative Case for Class Actions is sure to breathe new life into this long-running debate.

Manual for Complex Litigation, Fourth

Manual for Complex Litigation, Fourth PDF Author:
Publisher:
ISBN:
Category : Complex litigation
Languages : en
Pages : 824

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Book Description


Law and Reputation

Law and Reputation PDF Author: Roy Shapira
Publisher: Cambridge University Press
ISBN: 1316946916
Category : Law
Languages : en
Pages : 271

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Book Description
The legal system affects behavior not just directly, by imposing sanctions, but also indirectly, by producing information on how people behave. For example, internal company documents exposed during litigation will help third parties assess whether they trust a company and want to keep doing business with it. The law therefore affects behavior by shaping reputations. Drawing on economics, communications, and a nascent multidisciplinary literature on reputation, Roy Shapira highlights how reputation works, and how information from the courtroom affects the court of public opinion, with a particular emphasis on the role of the media. By fleshing out interactions between law and reputation, Shapira corrects common misperceptions about the ability of market forces to discipline corporate behavior and adds to timely, ongoing debates such as the desirability of heightened pleading standards or mandatory arbitration clauses. Law and Reputation should interest any scholar who invokes notions of market discipline in their work.

The Globalization of Class Actions

The Globalization of Class Actions PDF Author: Deborah R. Hensler
Publisher: SAGE Publications, Incorporated
ISBN: 9781412975094
Category : Political Science
Languages : en
Pages : 0

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Book Description
This groundbreaking volume of The ANNALS provides the first overview of class action laws and related mechanisms around the world. It features 30 "country reports" by leading scholars, describing the adoption, characteristics and consequences to date of class action and non-class group litigation procedures ranging across North and Latin America, Australia, Asia and Europe. In December 2007, Stanford Law School and the Oxford Centre for Socio-Legal Studies organized an international conference that studied the global spread of class actions and group litigation procedures. Scholars, jurists, and practitioners from around the world gathered to discuss and debate the use of group litigation procedures and initiate a research project on the evolution of class actions and aggregate litigation worldwide. This volume of The ANNALS is one result of that conference. Students, scholars and policymakers will find this anthology of reports to be an essential overview, providing a solid understanding of the effects of class actions around the globe.