Does the role of a securities class action in the enforcement of federal securities laws change?
MultiRegion, United States of America
The following excerpt is from Williams v. Sinclair, 529 F.2d 1383 (9th Cir. 1975):
This court has very recently reconsidered the role of class actions in the enforcement of federal securities laws. Blackie v. Barrack, 524 F.2d 891 (9th Cir., 1975). The opinion of the court in that matter recognized that the presence of individual issues, such as damages or reliance, did not necessarily defeat class action consideration of alleged violations of federal securities laws. 7
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