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Does the Plaintiff Matter? An Empirical Analysis of Lead Plaintiffs in Securities Class Actions
(Columbia Law Review, 2006)
The PSLRA's lead plaintiff provision was adopted in order to encourage large shareholders with claims in a securities fraud class action to step forward to become the class' representative. Congress' expectation was that ...
Public Pension Funds as Shareholder Activists: A Comment on Choi and Fisch
(Vanderbilt Law Review En Banc, 2008)
In an important paper recently appearing in the Vanderbilt Law Review, Professors Stephen Choi and Jill Fisch generate survey evidence from public pension fund respondents that documents the low cost activism practiced by ...