S.3033 - Securities Litigation Attorney Accountability and Transparency Act

A bill to protect investors by fostering transparency and accountability of attorneys in private securities litigation. view all titles (2)

All Bill Titles

  • Short: Securities Litigation Attorney Accountability and Transparency Act as introduced.
  • Official: A bill to protect investors by fostering transparency and accountability of attorneys in private securities litigation. as introduced.

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  • Past Seven Days: 3
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Introduced
 
Senate
Passes
 
House
Passes
 
President
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05/18/08
 
 
 
 
 
 
 

Official Summary

5/19/2008--Introduced.Securities Litigation Attorney Accountability and Transparency Act - Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to require plaintiff and plaintiff's attorney to provide sworn, signed certifications that identify any actual or promis

Official Summary

5/19/2008--Introduced.
Securities Litigation Attorney Accountability and Transparency Act - Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to require 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.
Requires similar plaintiff and plaintiff's attorney certifications regarding:
(1) legal representations;
(2) contributions; and
(3) conflicts of interest.
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.


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Recent Blog Coverage

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02/23/10
S.3033: Protecting Employees and Retirees in Business Bankruptcies ...

S.3033 - Protecting Employees and Retirees in Business Bankruptcies Act of 2010. A bill to amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies. view all titles (2) ..... OpenCongress is a free and

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12/11/08
Midwest AGNet - Your Source for Everything AG-Corn Growers Support ...

In addition to putting an FFV requirement in the Detroit bailout, he noted that corn growers support passage of the Open Fuel Standard Act (S. 3033), which would expand greener options by applying FFV requirements to all manufacturers ...

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12/11/08
Midwest AGNet - Your Source for Everything AG-Corn Growers Support ...

In addition to putting an FFV requirement in the Detroit bailout, he noted that corn growers support passage of the Open Fuel Standard Act (S. 3033), which would expand greener options by applying FFV requirements to all manufacturers ...

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