What’s Right With Securities Class Action Lawsuits
A Response to the U.S. Chamber’s Institute for Legal Reform
February 26, 2014 —
Private securities lawsuits are a necessary tool in preventing fraud and protecting investors. The U.S. Chamber of Commerce and its Institute for Legal Reform, however, disregard the data showing that restricting consumers’ access to the court system harms consumers and the financial marketplace in general. Instead, they argue that securities class action lawsuits are burdensome to companies and not useful for policing misconduct. This report by Public Citizen's U.S. Chamber Watch program disproves misleading arguments made by the U.S. Chamber of Commerce’s Institute for Legal Reform.