• A Potential Trap For Securities Class Action Settlements: ERISA's Prohibited Transaction Exemption
  • February 5, 2005 | Author: Herbert W. Krueger
  • Law Firm: Mayer Brown LLP - Chicago Office
  • "Hailed as a great equalizer and denounced as an engine of destruction," the modern class action represents a systematic effort to effectively address some of the complexities of multiparty litigation. Class actions are often appropriate in cases involving claims under the federal securities laws.