Below is the first part of an article by Paul M. Barrett from it reads…

Securities class-action lawsuits—the topic sounds both daunting and dull. Don’t be intimidated. We can break this down.

On March 5, the Supreme Court will hear arguments in a case that could doom securities class actions. Would that matter? In a word, yes. It would be a very big deal.

According to the U.S. Chamber of Commerce and its constituent corporations, killing securities class actions would be fine and dandy. Personally, I’m ambivalent. While it’s difficult to prove, the threat of class actions has got to make some executives think twice about lying—and that’s a good thing (unless you’re a dishonest corporate honcho). On the other hand, I’ve always thought there is something intrinsically illogical about privately filed securities class actions, a point I’ll return to in a moment.


Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo TwitterMarc Primo MantaMarc Primo FacebookMarc Primo SquarespaceMarc Primo Dot ComMarc Primo Pulisci Dot ComMarc Primo MyspaceMarc Primo Pulisci BlogMarc Primo WordPressMarc Primo Blog Marc Primo Quora Marc Primo Foursquare Marc Primo Manta Marc Primo Merchant Circle Marc Primo Yellow Book Marc Primo Google Plus Marc Primo Law360 Marc Primo Zoho Docs Marc Primo Blogspot