Legal Strategies

Lawyers on both sides of the courtroom face obstacles in dealing with hundreds of IPO tie-in/laddering cases, but representatives of opposing litigants remained undaunted as they revealed some novel legal strategies during a recent meeting of the Professional Liability Underwriting Society.

For plaintiffs lawyers, some of the biggest problems in the securities cases are procedural hurdles of the Private Securities Litigation Reform Act, such as the need to appoint a lead plaintiff and a provision that imposes a stay of discovery once a motion to dismiss is made.

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