The PSLRA and obtaining early proof of claims information in securities class actions

This article looks at the growing judicial doubt about the reliability of traditional plaintiffs' damage models, coupled with other recent developments in class action litigation including PSLRA, which may support requiring early evidence of claims forms in securities class action litigation. It starts with a review of case law dealing with requests for early proof of claims information. It explores the heightened notice requirement under PLSLRA to enable class members to evaluate the fairness of proposed settlements. It finishes with the effect of the PSLRA's notice of settlement provisions on the method that courts should take in dealing with requests for early claims information in securities class actions.