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Blog discussion of Chamber securities study

Jonathan's post yesterday mentioned the study and related paper (both PDF) done recently by Prof. Anjan V. Thakor for the U.S. Chamber of Commerce on securities class litigation, pointing out that these actions provide compensation to some investors who suffer no net losses at all from challenged practices while undercompensating many other investors. The work has come under discussion at a couple of other weblogs, including Lyle Roberts' and, especially, Securities Litigation Watch, here, here and here.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.