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.
Civil 10b-5 not going anywhere
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| Isaac Gorodetski Project Manager, Center for Legal Policy at the Manhattan Institute igorodetski@manhattan-institute.org |
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| Bridget Carroll Press Officer, Manhattan Institute bcarroll@manhattan-institute.org |



