In his Corporate Securities column, John C. Coffee Jr., the Adolf A. Berle Professor of Law at Columbia University Law School, grades the plaintiff's bar and the SEC, finding that private enforcement of the securities laws boils down to the efforts of a relative handful of firms, with others seldom in control of the major cases that can generate deterrence, and that the SEC lacks the ability to handle the large, factually complex case.
Securities Enforcement: 2013 Report Card
New York Law Journal
May 16, 2013
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