Court of Appeals was Right to Ban Private Martin Act Suits

A recent article in the New York Daily News illuminates the potential issues raised by giving the broad powers of the Martin Act to private attorneys, as well as the potential for a new wave of private non-fraud securities suits. From the article:

“Empowering plaintiffs to wield that extraordinarily potent law would have been a bonanza for trial lawyers and plaintiffs — and a disaster for the rest of New York’s economy.”

We couldn’t agree more.

Read the full article here:

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