Legal Opinion
Lirette v. Shiva Corp.
District Court, D. Massachusetts
Decided November 19, 1998No. Civ.A. 97-11159-WGYPublishedCited by 60 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
YOUNG, District Judge.
I. BACKGROUND
In 1995, Congress enacted legislation attempting to wrest control over securities fraud class action lawsuits from the plaintiffs’ bar devoted to such litigation and confer it upon counsel for larger institutional investors. See Private Securities Litigation Reform Act (“PSLRA”), Publ L. No. 104-67 codified at 15 U.S.C. § 78u-4 (1995). 1 Such a measure, it was believed, would cut down on frivolous litigation as -counsel for institutional investors were thought to take a more balanced cost-benefit view of such litigation. 2
While at it,…
2Cases cited47 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Parklane Hosiery Co. v. ShoreSupreme Court of the United States · 1979
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Immigration & Naturalization Service v. Cardoza-FonsecaSupreme Court of the United States · 1987
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
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3Cited by60 opinions
- Greebel v. FTP Software, Inc.Court of Appeals for the First Circuit · 1999
- In Re: Comshare, Incorporated Securities Litigation. Harry M. Hoffman v. Comshare, Inc.Court of Appeals for the Sixth Circuit · 1999
- In Re Keyspan Corp. Securities LitigationDistrict Court, E.D. New York · 2003
- In Re Peritos Software Services, Inc. Securities LitigationDistrict Court, D. Massachusetts · 1999
- In Re Securities Litigation BMC Software, Inc.District Court, S.D. Texas · 2001
55 more not listed; retrieve them via the Exa API.