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Yahya, "Dumping and Suing"

The week before last, on Jan. 24, University of Alberta lawprof Moin Yahya addressed a Manhattan Institute lunch crowd in New York to discuss his paper diagnosing a problem with securities class litigation -- namely, cozy relations between class lawyers who sue over stock price drops, and short-sellers who profit from the drop in a stock's price when suit is announced -- along with possible remedies. (See coverage last May 5 on Overlawyered -- "First Sell Short, Then Sue".) On Saturday, Prof. Yahya published a shortened version as a WSJ "Rule of Law" op-ed (sub-only). As before, Larry Ribstein files a dissenting view and Tom Kirkendall joins in as well.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.