Document Type
Article
Publication Date
1996
Abstract
Much commentary about securities litigation shares the implicit premise that the Private Securities Litigation Reform Act of 1995 (Reform Act) is, for better or worse, a fait accompli – that is, legislation whose meaning is fixed and whose impact, while still debatable, is not contingent on future events. This Article sees it differently: the Reform Act is more like wet clay that has been shaped into an approximation of a human form by an apprentice craftsmen and has now been turned over to the master sculptor for the details that will spell the difference between high art and merely competent mediocrity. Legislation, like art, requires interpretation, and until that interpretive process is further along, the Reform Act must be regarded as still in its early formative period.
Disciplines
Law | Securities Law | Torts
Recommended Citation
John C. Coffee Jr.,
The Future of the Private Securities Litigation Reform Act: Or, Why the Fat Lady Has Not Yet Sung,
51
Bus. Law.
975
(1996).
Available at:
https://scholarship.law.columbia.edu/faculty_scholarship/2119
Comments
©1995-1996 by the American Bar Association. Reproduced with permission. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.