Challenging Standing in Securities Class Actions | Practical Law

Challenging Standing in Securities Class Actions | Practical Law

This Note describes the legal framework for securities class actions filed in federal court and provides an overview of the key constitutional, prudential, and statutory standing requirements for lead plaintiffs appointed under the Private Securities Litigation Reform Act, other named plaintiffs, and absent, unnamed class members in securities class actions. It also identifies procedural considerations for defense counsel challenging the standing of class representatives or absent class members, including at the motion to dismiss and class certification stages.

Challenging Standing in Securities Class Actions

Practical Law Practice Note w-020-4474 (Approx. 20 pages)

Challenging Standing in Securities Class Actions

by Practical Law Securities Litigation & White Collar Crime
MaintainedUSA (National/Federal)
This Note describes the legal framework for securities class actions filed in federal court and provides an overview of the key constitutional, prudential, and statutory standing requirements for lead plaintiffs appointed under the Private Securities Litigation Reform Act, other named plaintiffs, and absent, unnamed class members in securities class actions. It also identifies procedural considerations for defense counsel challenging the standing of class representatives or absent class members, including at the motion to dismiss and class certification stages.