kaal:claim:1664809-026

Banks, brokers and other financial intermediaries figure in a large proportion of US securities fraud cases because they often have the deep pockets that plaintiffs' lawyers are looking for.

Source quote, verbatim

often have the 'deep pockets' that plaintiffs' lawyers are looking

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.4. European Financial Intermediaries, p. 6
https://ssrn.com/abstract=1664809 · source PDF

Cite as

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809

Holds when

US securities fraud litigation driven by private plaintiffs

Classification

mechanismsupport: arguedsecurities-lawlaw-and-legal-systems

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