Private Securities Litigation Reform Act

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:abbreviation gptkb:PSLRA
gptkbp:amendedBy gptkb:Securities_Act_of_1933
gptkb:Securities_Exchange_Act_of_1934
gptkbp:appliesTo federal securities class actions
gptkbp:citation 15 U.S.C. § 77z-1, 15 U.S.C. § 78u-4
gptkbp:containsProvision auditor liability reform
heightened pleading standards
lead plaintiff provision
proportionate liability
safe harbor for forward-looking statements
stay of discovery
gptkbp:country gptkb:United_States
gptkbp:dateEnacted 1995
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Private Securities Litigation Reform Act
gptkbp:publicLawNumber gptkb:Pub.L._104–67
gptkbp:purpose reduce frivolous or unwarranted securities lawsuits
reform federal securities class action litigation
protect investors and companies from abusive litigation
gptkbp:relatedTo gptkb:Sarbanes–Oxley_Act
gptkb:Securities_Litigation_Uniform_Standards_Act
gptkbp:signedBy gptkb:Bill_Clinton
gptkbp:startDate December 22, 1995
gptkbp:vetoedBy gptkb:Bill_Clinton
gptkb:United_States_Congress
gptkbp:bfsParent gptkb:Christopher_Cox
gptkbp:bfsLayer 5