The Shifting Raison D’Être of the Rule 10b-5 Private Right of Action
Edward Elgar Publishing, Research Handbook on Representative Shareholder Litigation, edited by Sean Griffith, Jessica Erickson, David H. Webber, and Verity Winship 2017, Forthcoming
24 Pages Posted: 28 May 2017 Last revised: 27 Feb 2020
Date Written: January 1, 2017
This is a draft chapter that has been accepted for publication by Edward Elgar Publishing in the forthcoming book Research Handbook on Representative Shareholder Litigation edited by Sean Griffith, Jessica Erickson, David H. Webber, and Verity Winship and due to be published in 2017. It offers a historical and theoretical context for understanding the voluminous body of scholarship examining the contemporary social function of private Rule 10b-5 enforcement.
Keywords: Rule 10b-5, shareholder litigation, securities fraud, deterrence, compensation, class action, corporate governance
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