An introduction to the intricacies of federal securities law. The author examines the statutory framework for the issues that federal judges are most likely to encounter in securities litigation: basic registration, disclosure, and antifraud.
The Advisory Committee on Civil Rules has been considering a proposal to revise Fed. R. Civil P. 23 to create new certification standards that would apply only to settlement class actions. The Committee sought empirical research from the Center to help it decide how to proceed.