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Civil 10b-5 not going anywhere

Alas, it appears the New York Times has misreported the Paulson Committee's intentions to dis-imply the judicially created civil cause of action for 10b-5 securities suits (Oct. 30). Columbia Law Professor John Coffee denies in the Nov. 16 New York Law Journal that he recommended anything more than an incremental limitation on suits; Securities Litigation Watch and Lyle Roberts have details.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.