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[...] the decisions of the plaintiffs' attorneys may be driven by concern over litigation costs and personal gain rather than by an interest in obtaining the best result for class members. In one recent study, approximately forty-one percent of the companies listed on the major stock exchanges had been named as defendants in at least one federal securities class action.17 The total monetary value of securities class-action settlements in 2008 was $3.09 billion.\n It likely would provide objective criteria- stock prices- to evaluate investor perceptions of litigation versus arbitration.
FACILITATING ECONOMIC RECOVERY AND SUSTAINABLE GROWTH THROUGH REFORM Bradley J Bondi Harvard Journal of Law
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"FACILITATING ECONOMIC RECOVERY AND SUSTAINABLE GROWTH THROUGH REFORM OF THE SECURITIES CLASS-ACTION SYSTEM: EXPLORING ARBITRATION AS AN ALTERNATIVE TO LITIGATION"Please download to view full document