h 12 49316 1202965200 false 1206417600 5463 786 110 400175

2/14/2008--Introduced.<br/>Securities Litigation Attorney Accountability and Transparency Act - Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to state that, in any private action in which the court enters a final judgment against plaintiff on the basis of a motion to dismiss, motion for summary judgment, or a trial on the merits, the court shall, upon defendant's motion, determine whether: (1) the position of the plaintiff was not substantially justified; (2) imposition of fees and expenses on the plaintiff's attorney would be just; and (3) the cost of such fees and expenses to the defendant is substantially burdensome or unjust.<br/>Requires the court to award the defendant reasonable fees and other expenses, and impose such fees and expenses on the plaintiff's attorney, if the court makes positive determinations in such a case.<br/>Places the burden of persuasion upon the defendant as to whether or not the position of the plaintiff was substantially justified.<br/>Requires plaintiff and plaintiff's attorney to provide sworn, signed certifications that identify any actual or promised payment by the attorney to the plaintiff, beyond the plaintiff's pro rata share of any recovery.<br/>Requires similar plaintiff and plaintiff's attorney certifications regarding: (1) legal representations; (2) contributions; and (3) conflicts of interest.<br/>Requires the court, in exercising discretion over the approval of lead counsel, to employ a competitive bidding process as one of the criteria (unless the court determines that such a process is not feasible). Instructs the Comptroller General to study and report to certain congressional committees on average hourly fees in securities class actions.<br/>

1206417600 2008-03-25 Fri Nov 07 05:18:32 -0600 2008 introduced 49316 'litig':14 'secur':13 'foster':5 'privat':12 'account':8 'protect':2 'attorney':10 'investor':3 'transpar':6 57399 false official introduced 49316 'act':7 'litig':2 'secur':1 'account':4 'attorney':3 'transpar':6 58842 false short action 49316 1206417600 Tue Mar 25 00:00:00 -0500 2008 153197 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. H001036 1957-05-29 4751 132 Cannon House Office Building http://www.house.gov/hensarling/contact_web.shtml 5 202-226-4888 Jeb 'r':4 '-5':6 'tx':5 'jeb':2,7,9 'rep':1 'hensarl':3,8,10 M 400175 Hensarling Jeb_Hensarling Rep. Jeb Hensarling [R, TX-5] 2016 N00024922 7746 Republican 202-225-3484 Christian TX Jeb Hensarling 5.36363636363636 http://www.house.gov/hensarling/ RepJebHensarling B001239 1961-02-14 1436 439 Cannon House Office Building http://www.barrett.house.gov/?sectionid=82&sectiontree=16,47,82 3 202-225-3216 James 'j':9 'r':4 '-3':6 'sc':5 'rep':1 'jame':2,7,11 'barrett':3,8,12 'gresham':10 M 400016 Barrett J._Gresham_Barrett Gresham Rep. James Barrett [R, SC-3] 259 J. Gresham N00013837 7586 Republican 202-225-5301 Protestant SC James Barrett 4.11111111111111 http://www.barrett.house.gov/index.html greshambarrett C000116 1950-10-20 311 Christopher 'chris':5 'cannon':2,4,7 'christoph':1,3,6 M 400059 Cannon Chris_Cannon B. Christopher Cannon 57 Chris N00006349 4573 Republican Latter Day Saints Christopher Cannon F000447 1958-05-21 2485 Tom 'tom':1,3,5 'feeney':2,4,6 M 400131 Feeney Tom_Feeney C. Tom Feeney 1127 N00024851 5698 Republican Presbyterian Tom Feeney J000174 1930-10-11 2791 1211 Longworth House Office Building http://www.house.gov/formsamjohnson/IMA/issue.htm 3 202-225-1485 Samuel 'r':4 '-3':6 'tx':5 'rep':1 'sam':9 'samuel':2,7,10 'johnson':3,8,11 M 400206 Johnson Sam_Johnson Robert Rep. Samuel Johnson [R, TX-3] 438 Sam N00008028 6946 Republican 202-225-4201 Methodist TX Sam Samuel Johnson 7.08333333333333 http://samjohnson.house.gov R000487 1951-10-12 1532 2185 Rayburn House Office Building http://www.house.gov/writerep 40 202-226-0335 Edward 'r':4 'ca':5 'ed':9 '-40':6 'rep':1 'royc':3,8,11 'edward':2,7,10 M 400348 Royce Edward_R._Royce R. Rep. Edward Royce [R, CA-40] 425 Ed N00008264 5623 Republican 202-225-4111 Roman Catholic CA Ed Edward Royce 6.75 http://www.royce.house.gov/ action 49316 1206417600 Tue Mar 25 00:00:00 -0500 2008 153197 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. action 49316 1205726400 Mon Mar 17 00:00:00 -0500 2008 165005 Referred to the Subcommittee on Courts, the Internet, and Intellectual Property. introduced 49316 1202965200 Thu Feb 14 00:00:00 -0600 2008 145748 action 49316 1202965200 Thu Feb 14 00:00:00 -0600 2008 145749 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. action 49316 1202965200 Thu Feb 14 00:00:00 -0600 2008 145750 Referred to House Financial Services action 49316 1202965200 Thu Feb 14 00:00:00 -0600 2008 145751 Referred to House Judiciary