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Wednesday, March 21, 2007

Victory in the Quixotic Quest

Earlier this month, we reported on our long and generally fruitless quest to alter the misconception floating around in academia that private institutions do not serve as lead plaintiffs in securities class actions.

An alert reader pointed out that the final published version of Prof. Stephen J. Choi and Robert B. Thompson's paper, Securities Litigation and Its Lawyers: Changes During the First Decade After PSLRA not only corrected the misconception, but credited this author both in their introductory thanks and in the soon to be famous "Footnote 98."

In related news, we can also report that after our initial blog post, SLW had a lengthy series of e-mail exchanges with Charlie Silver and Sam Dinkin regarding their draft paper, Incentivizing Institutional Investors to Serve as Lead Plaintiffs in Securities Fraud Class Actions. The authors indicated that they would also amend their draft at some point to reflect the updated information.

Two sets of academic authors down, one to go.

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