Matsushita and beyond: the role of state courts in class actions involving exclusive federal claims
Article Abstract:
The Private Securities Litigation Reform Act of 1995 and the US Supreme Court's ruling in Matsushita Electric Industrial Co. v. Epstein have failed to resolve the problems raised by state court settlements that involve exclusive federal claims. The Court ruled in Matsushita that a state court could accept a securities class action settlement that released federal claims. Federal claims nonetheless need to be protected by additional mechanisms such as state court consideration of federal interests or the availability of federal collateral attack on the state settlement ruling.
Publication Name: Supreme Court Review
Subject: Law
ISSN: 0081-9557
Year: 1996
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Guidance from the Third Circuit's recent approval of the use of settlement classes: In re General Motors Corp. Pick-up Truck Fuel Tank Products Liability Litigation 55 F.3d 768 (3d Cir. 1995)
Article Abstract:
The Third Circuit Court of Appeal's 1995 General Motors decision approved of the use of settlement classes to aid in class action settlements, an important development for securities class action suits. The decision also provided guidance in certification of classes, adequacy of representation issues, and commonality and typicality issues.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1995
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Ten things we know and ten things we don't know about the Private Securities Litigation Reform Act of 1995
Article Abstract:
The Private Securities Litigation Reform Act of 1995 brought about several changes to class action securities cases. Research regarding the act's effects is presented.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1997
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