As the number and rate of securities class action lawsuit filings has remained at historically high levels over the past three years, there have been renewed calls for securities class action litigation reform, as I have detailed in prior post (for example, here). According to a March 25, 2020 paper by the U.S. Chamber Institute of Legal Reform (ILR), the “broken securities class action system continues out of control” and the need for securities litigation reform remains urgent. On April 1, 2020, I participated in an ILR event, along with ILR President Harold Kim and Andrew Pincus of the Mayer Brown law firm, entitled “An Update on Securities Litigation,” in which we discussed key recent securities litigation developments and the continuing case for securities litigation reform. The paper can be found here and a video recording of the ILR event can be found here.
I would like to thank Harold Kim and the entire staff of ILR for inviting me to participate in this event, and I would like to thank Andy Pincus for his paper and for his excellent contribution to the ILR event. It was a pleasure and an honor to be a part of this event.