La codification est une des questions actuelles du droit moderne. Certaines domaines du droit, tels que le droit civil et le droit pénal, ont été codifiés il y a 200 ans. Plus difficile s’avere la situation du droit administratif, qui était né a ce moment. Quoi que durant ces deux...

This study examines the trading behavior of a large sample of individual (retail) investors around securities litigation events. We test the hypothesis that the response of these investors around the end of the litigation class period (at the time of a corrective disclosure) and the start of the...

President Theodore Roosevelt was famous for remarking that one should quot;talk softly and carry a big stick.quot; Justice Powell did not need a big stick, garnering long-term acceptance of his views by writing soft-spoken concurrences that served to limit the reach of broadly framed majority...

With the rise of institutional reform litigation in the wake of Brown v. Board of Education, public institutions such as schools, prisons, foster homes, and mental health centers frequently came under the control of federal court injunctions and consent decrees. A defining feature of this...

This paper outlines a framework for evaluating the effect of traded options on aggregate damages in class action litigation brought under The Securities and Exchange Commission's rule 10b-5. Although buyers of call options and sellers of put options are sometimes included in the class, it is far...

Both summarizing recent empirical work and presenting new observations on each of the six phases of a civil lawsuit (forum, pretrial, settlement, trial, judgment, and appeal), the author stresses the needs for and benefits from understanding and using empirical methods in the study of the...

The decision of the Government of India to disinvest M/s Bharat Aluminum Company Limited, popularly known as BALCO was challenged by the employees of BALCO , State of Chattisgarh (the state in which BALCO is located) and by some public spirited individuals before various High Court and finally...

This short essay considers the findings and recommendations of the Paulson Report relating to securities fraud class actions under the 1934 Act and Rule 10b-5. While the report exposes numerous problems with securities litigation in the United States, it understates the problems inherent in...