Statutes with Multiple Personality Disorders: The Value of Ambiguity in Statutory Design and Interpretation

Statutes with Multiple Personality Disorders: The Value of Ambiguity in Statutory Design and Interpretation

Grundfest and Pritchard believe that the "strong inference" provision of the Private Securities Litigation Reform Act of 1995 (PSLRA) satisfies the requirements necessary for a formal statistical analysis. In an attempt to discourage meritless securities fraud litigation, the PSLRA require...

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Veröffentlicht in:Stanford law review 2002-04, Vol.54 (4), p.627-736
Hauptverfasser: Grundfest, Joseph A., Pritchard, A. C.
Format: Artikel
Sprache:eng
Schlagworte:
Ambiguity
Civil procedure
Federal district courts
Inference
Interpretation and construction
Judges
Legislation
Litigation
Modeling
Motions to dismiss
Securities fraud
Securities law
Silicon
Statutory interpretation
Statutory law
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Zusammenfassung:Grundfest and Pritchard believe that the "strong inference" provision of the Private Securities Litigation Reform Act of 1995 (PSLRA) satisfies the requirements necessary for a formal statistical analysis. In an attempt to discourage meritless securities fraud litigation, the PSLRA requires that private plaintiffs, in addition to satisfying the specificity requirements of Federal Rule of Civil Procedure 9(b), "state with particularity facts giving rise to a strong inference that the defendant acted with the requisite state of mind."
ISSN:0038-9765
1939-8581
DOI:10.2307/1229575