The Private Securities Litigation Reform Act of1995 (PSLRA) makes it more difficult for plaintiffs to successfully bring a lawsuit for fraud in securities transactions.

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The PSLRA was enacted to make it more difficult for plaintiffs to bring a lawsuit for fraud in securities transactions. It includes various provisions such as requiring plaintiffs to provide specific details about the allegedly false or misleading statements, and setting a higher standard for proving scienter (intent to deceive or manipulate) on the part of the defendants.

The Private Securities Litigation Reform Act Of1995 (PSLRA) Makes It