Jonathan M. Plasse Participated in a Panel Discussion Regarding the Use of Confidential Sources in Securities Class Actions
New York, NY
June 22, 2009
On June 22, 2009 from 6:00 - 7:30 p.m., Jonathan M. Plasse participated in a panel discussion on the "Use of Confidential Sources in Securities Class Actions."
Confidential sources are among the most contentious aspects of securities class action practice: plaintiffs regard them as crucial for meeting the PSLRA's high pleading standard; defendants see the cloak of anonymity as depriving them of the ability to effectively contest such sources' allegations and as an invitation to abuse. This panel explored the areas of common ground, the arguments for and against shielding witness identities at different stages of litigation, how courts have handled these issues, and potential procedural devices for accommodating both plaintiffs' and defendants' concerns.