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Comments Off on Bright Line Protects Secondary Actors from Civil Liability in Securities Fraud Actions
By Lazar Emanuel [Originally published in NYPRR June 2010] [Author’s note: As I finished this article, the U.S. Senate was voting to approve the provisions of S.3217, the “Restoring American Financial Stability Act.” I had been following closely...
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Comments Off on Avoiding Rule 11 Sanctions By Withdrawing Complaint
By Lazar Emanuel [Originally published in NYPRR December 2002] In 1995, Congress enacted the Private Securities Litigation Reform Act, 15 USCS §78u-4, dealing with private securities litigation. The Act was designed to discourage frivolous complaints...