With the rule announced Monday, groups
of consumers will be able to band together to
form class -
action suits in situations they may not otherwise have bothered with.
There's currently a
class action suit being
formed, but it wouldn't surprise me at all to find that the culprit had absconded with everything
of worth including the intellectual property
of every author the business ever marketed.
This version is the distillation
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of securities law, including: Primary liability under 10 (b); Insider trading; Sanctions; Disclosure requirements; Rules and
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Class action suits; Bespeaks caution cases; ADR in securities disputes.