The Private Securities Litigation Reform Act of__________ (PSLRA) imposed significant procedural rules and substantive standards that made it more difficult to pursue litigation under the securities laws based solely on written or oral statements by the company's officers and directors.

Question

Quizplus · Accepted Answer

The Private Securities Litigation Reform Act (PSLRA) was enacted in 1995 to add procedural hurdles and substantive standards to securities litigation, aiming to curb frivolous lawsuits.

The Private Securities Litigation Reform Act Of__________ (PSLRA) Imposed Significant