Institutional Investors

The passage of the 1995 Private Securities Litigation Reform Act (PSLRA) established a clear incentive and opportunity for institutional investors to protect their investments and recover losses resulting from securities fraud. The PSLRA provides several benefits to induce institutional investors to actively participate in litigation by acting as Lead Plaintiff. For instance, the Lead Plaintiff can dramatically influence settlement negotiations and allocations, bargain for significantly reduced legal fees and effectuate salient changes in the corporate governance of the defendant, thereby enhancing future value to shareholders. As a result, numerous institutional investors have chosen to proactively pursue securities litigation as Lead Plaintiff.

Abbey Spanier has been competitively selected by a number of public pension funds and institutional investors to be included in their pools of qualified law firms to serve as their securities class action litigation counsel.