Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Law
There Are Plaintiffs And . . . There Are Plaintiffs: An Empirical Analysis Of Securities Class Action Settlements, Randall Thomas, James D. Cox, Lynn Bai
There Are Plaintiffs And . . . There Are Plaintiffs: An Empirical Analysis Of Securities Class Action Settlements, Randall Thomas, James D. Cox, Lynn Bai
Vanderbilt Law School Faculty Publications
In this paper, we examine the impact of the PSLRA and more particularly the impact the type of lead plaintiff on the size of settlements in securities fraud class actions. We thus provide insight into whether the type of plaintiff that heads the class action impacts the overall outcome of the case. Furthermore, we explore possible indicia that may explain why some suits settle for extremely small sums - small relative to the "provable losses" suffered by the class, small relative to the asset size of the defendant-company, and small relative to other settlements in our sample. This evidence bears …