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Recent Judicial and Legislative Developments Affecting the Private Securities Fraud Class Action

Abstract

Over the course of the last decade, the substantive and procedural law governing private securities fraud class actions has undergone dramatic changes. This Article surveys four relatively recent developments—the Supreme Court's decisions in Lampf, Pleva, and Central Bank, the Private Securities Litigation Reform Act of 1995, and the current legislative effort to preempt state securities fraud class actions—and discusses their implications for the future of the private securities fraud class action.

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40 Ariz. L. Rev. 1003 (1998)

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