The Latest Trends in Multiforum Securities Litigation
Aurora Cassirer, Mary Weeks, Daniel Gorman and Bianca DiBella were published in Law360 for an article titled, “The Latest Trends In Multiforum Securities Litigation.” The article explores trends and significant recent decisions of interest that are eroding the Private Securities Litigation Reform Act of 1995 and the Securities Litigation Uniform Standards Act of 1998 “as plaintiffs exert pressure on defendants by filing parallel securities actions in both federal and state courts, and often, in both forums simultaneously.” The article goes on to point out that, “The trends contributing to such erosion are both daunting and indicative of a need for legislative reforms. They have not, however, eliminated certain strong strategies available in defending against securities litigation.”