Private Securities Litigation Reform Act
Legislation
HCC Announces Intent to Redeem 1.3% Convertible Notes...visit http://www.hcc.com. Forward-looking statements contained in this press release are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. The types... In this article: HCC, Safe harbor, Private Securities Litigation Reform Act of 1995, Fitch Ratings, Standard & Poor's, Securities and Exchange Commission, and Houston, Texas |
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Centre Daily Times | 1 day ago
Geospatial Holdings’ Subsidiary Enters Into Three Year Contract with Xcel Energy to Locate Underground Utilities in New Mexico
...assets such as pipelines and surface features via its GeoUnderground web-based portal. Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. The...
In this article: New Mexico, Xcel Energy, Safe harbor, Revenue, and Private Securities Litigation Reform Act of 1995
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Prime Newswire | 1 day ago
PMFG, Inc. (Parent of Peerless Mfg. Co.) Announces Preliminary Results of Annual Stockholders' Meeting Held on November 19, 2009
The PMFG, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5676 Safe Harbor Under The Private Securities Litigation Reform Act of 1995 Certain statements contained in this press release that are not...
In this article: Safe harbor, Private Securities Litigation Reform Act of 1995, Securities and Exchange Commission, Dallas, Texas, Fiscal year, and Natural gas
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JBI, Inc. Announces Interactive Conference Call Details
...Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under...
In this article: Revenue, Securities Exchange Act of 1934, Securities Act of 1933, NASA, and United States
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NIMS Receives Japanese Patent for Its Exer-Rest® Platform
...press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA). Many factors could cause our actual activities or results to differ materially from the...
In this article: Pslra, Japan, Safe harbor, Securities and Exchange Commission, FDA, and Europe
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Ideal Financial Solutions Engages Emerson Gerard Associates to Attract Media Coverage and Reach Potential Customers
...address to: support@idealfsi.com For the latest news and press, please visit www.idealfsi.com "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Forward Looking Statements. This release may contain...
In this article: Customer, Safe harbor, Cash flow, Private Securities Litigation Reform Act of 1995, and Las Vegas
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EcoBlu Signs Exclusive Licensing Agreement With Hartindo Fire Protection Supplier Megola
...distributor of the ScaleGuard series of physical water treatment equipment. www.megola.com Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the...
In this article: Private Securities Litigation Reform Act of 1995, Safe harbor, and YouTube
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Home Federal Bancorp, Inc. Declares Quarterly Cash Dividend
...statements" within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA") and are made pursuant to the safe harbors of the PSLRA. Actual results could be materially different from those expressed or implied by the...
In this article: Pslra, Home Federal Bank, Idaho, Safe harbor, Cash flow, Revenue, and Securities and Exchange Commission
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Flushing Financial Corporation Declares Quarterly Dividend of $0.13 Per Share
...school districts, libraries, fire districts and the various courts throughout the metropolitan area. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Press Release relating to plans,...
In this article: Private Securities Litigation Reform Act of 1995, U.S. Treasury, Safe harbor, Securities Exchange Act of 1934, Securities Act of 1933, and FDIC
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EcoBlu Products to Open EcoGreen Exchange
...ready to deliver the winning edge to builders and the environment with its sustainable green product line. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to...
In this article: Private Securities Litigation Reform Act of 1995, Vista, California, California, and Safe harbor
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Diana Shipping Inc. Announces New Loan Agreement With Bremer Landesbank
...Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking...
In this article: Safe harbor, Private Securities Litigation Reform Act of 1995, Houston, Coal, Securities and Exchange Commission, and Athens
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Description from Wikipedia:
The United States Private Securities Litigation Reform Act of 1995, Pub. L. 104-67, 109 Stat. 737 (codified as amended in scattered sections of 15 U.S.C.) ("PSLRA") implemented several substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation, and awards fees and expenses.
It was designed to reduce the number of “frivolous” securities lawsuits filed in federal courts. In essence, it says that investors cannot proceed with a case unless they already have facts in-hand that strongly suggest a deliberate fraud. Prior to the PSLRA, a case could proceed with minimal evidence and use pre-trial discovery to search for more. Now, plaintiffs need such evidence just to begin, which may be difficult to obtain.
The PSLRA imposes new rules on securities class action lawsuits. It allows judges to decide the most adequate plaintiff in class actions. It mandates full disclosure to investors of proposed settlements, including the amount of attorneys' fees. It bars bonus payments to favored plaintiffs, and permits judges to scrutinize lawyer conflicts of interest.
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