Legal Strategies

Lawyers on both sides of the courtroom face obstacles in dealingwith hundreds of IPO tie-in/laddering cases, but representatives ofopposing litigants remained undaunted as they revealed some novellegal strategies during a recent meeting of the ProfessionalLiability Underwriting Society.

For plaintiffs lawyers, some of the biggest problems in thesecurities cases are procedural hurdles of the Private SecuritiesLitigation Reform Act, such as the need to appoint a lead plaintiffand a provision that imposes a stay of discovery once a motion todismiss is made.

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