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Full-Text Articles in Securities Law
Reforming Securities Litigation Reform: Restructuring The Relationship Between Public And Private Enforcement Of Rule 10b-5, Amanda Rose
Vanderbilt Law School Faculty Publications
Commentators have long debated how to reform the controversial Rule 10b-5 class action without pausing to ask whether the game is worth the candle. Is private enforcement of Rule lOb-5 worth preserving, or might we be better off with exclusive public enforcement? This fundamental but neglected question demands attention today more than ever. An academic consensus has emerged that the typical Rule 1Ob-5 class action cannot be defended on compensatory grounds. That leaves the oft-cited, but undertheorized, rationale that private enforcement is a "necessary supplement" to the securities fraud deterrence efforts of the SEC. When this justification is critically examined, …
Public Pension Funds As Shareholder Activists: A Comment On Choi And Fisch, Randall Thomas
Public Pension Funds As Shareholder Activists: A Comment On Choi And Fisch, Randall Thomas
Vanderbilt Law School Faculty Publications
No abstract provided.
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 …
The Evolving Role Of Institutional Investors In Corporate Governance And Corporate Litigation, Randall Thomas
The Evolving Role Of Institutional Investors In Corporate Governance And Corporate Litigation, Randall Thomas
Vanderbilt Law School Faculty Publications
Each of the articles in this Symposium sheds new light on the ever-changing role of institutional investors in U.S. corporate governance and corporate litigation. They cover a broad range of topics, including institutional investor activism on executive compensation, proxy access initiatives at the SEC, state and federal litigation, and the current levels of activism by public pension funds. The data and the theoretical contributions of these articles provide important foundation for the ongoing discussion about the role of institutional investors.