Fear of filing: securities fraud plaintiffs steering clear of federal restrictions by suing in state court, study says

Article Abstract:

State court securities fraud litigation increased in the wake of the 1995 Private Securities Litigation Reform Act. The Act did not significantly reduce the number of securities fraud class action filings, but state court claims increased as plaintiffs sought friendlier venues. After the law's enactment, the numbers of insider trading cases rose from 21% to 57% while accounting fraud allegations increased from 34% to 67%. San Diego law firm Milberg Weiss Bershad Hynes & Lerach represented the plaintiffs in the majority of these actions.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn, Class actions (Civil procedure), Cases, Class action lawsuits, Securities fraud, Insider trading in securities, Insider trading (Securities), Stockholders' derivative actions, Shareholder lawsuits

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Kids' crimes can send parents to jail: critics question constitutionality of newly popular parental responsibility laws

Article Abstract:

A law in Silverton, OR, holding parents responsible for their children's crimes, including fines of up to $1000, has had impressive success, says Mayor Ken Hector. At least 10 states and an unknown number of municipalities have equivalent laws, some of which require parents to reimburse the state for its care of juvenile offendors. Opponents say the laws are vaguely worded, unrealistic, and unconstitutional. Hector claims juvenile crime fell 44.5% after passage of the ordinance, and truancy is down.

Parent and child (Law), Restitution, Juvenile delinquency, states

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