Securities Regulation and Enforcement Series: Reflecting on 30 years of the Private Securities Litigation Reform Act of 1995 (PSLRA)

In Season 2 Episode 2 of this series, A. Valerie Mirko, Partner at Armstrong Teasdale and Leader of the firm's Securities Regulation and Litigation Practice, and William Nelson, Director of Public Policy and Associate General Counsel at the Investment Adviser Association, speak with veteran securities litigator, Daniel Sommers, Partner at Cohen Milstein Sellers & Toll PLLC, about the Private Securities Litigation Reform Act of 1995 (PSLRA) as the statute approaches its 30th anniversary this year. The PSLRA marked a sea change for securities class actions, impacting how those cases are brought, who brings them, and how they are decided. Drawing on his more than three-decade career, Daniel addresses with William and Valerie the evolving landscape of securities class actions, the most significant provisions of the PSLRA, what parts of the PSLRA Daniel thinks have worked (and which have not), and recent developments and trends.