Deconstructing Section 11: Public Offering Liability in a Continuous Disclosure Environment
Langevoort, Donald C.
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- 2004In re WorldCom, Inc. Securities Litigation S.D.N.Y.
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Abstract
There can be no successful reform of the system of capital-raising regulation in the US without rethinking the liability regime. Reform is long overdue and can readily be accomplished in a way that does not unnecessarily compromise investor protection.