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(Download) "Letting Billions Slip Through Your Fingers: Empirical Evidence and Legal Implications of the Failure of Financial Institutions to Participate in Securities Class Action Settlements." by Stanford Law School # eBook PDF Kindle ePub Free

Letting Billions Slip Through Your Fingers: Empirical Evidence and Legal Implications of the Failure of Financial Institutions to Participate in Securities Class Action Settlements.

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eBook details

  • Title: Letting Billions Slip Through Your Fingers: Empirical Evidence and Legal Implications of the Failure of Financial Institutions to Participate in Securities Class Action Settlements.
  • Author : Stanford Law School
  • Release Date : January 01, 2005
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 425 KB

Description

INTRODUCTION In 2004, securities fraud class action settlements produced $5.45 billion in cash to be distributed to defrauded investors. (1) Institutional investors own the lion's share of the publicly traded equity securities in this country and therefore were entitled to collect most of that money by simply filing relatively simple claims forms documenting their trading during the class period. Those institutions that chose to do so recouped large sums of money for their beneficiaries. (2)


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