CategoriesFlorida Law Review Forum
Response to Amanda M. Rose and Larry J. LeBlanc, Policing Public Companies
In Policing Public Companies, Professors Amanda M. Rose and Larry J. LeBlanc compile and analyze an impressive dataset of securities litigation against public companies from 2004 through 2006, a period soon after the collapse of the internet bubble, the Enron and WorldCom accounting frauds, and the rise of New York Attorney General Eliot Spitzer. Their results provide evidence that public companies are at significant risk of litigation brought pursuant to the securities laws. However, because the period of the study reflects the aftermath of unprecedented securities enforcement activity, its results are likely not representative of enforcement activity in normal times.