The Contemporary Function of the Class Suit

Abstract

THE WIDE diffusion of securities has created a situation where the single and isolated security holder usually is helpless in protecting his own interests or pleading his own cause," reported the Securities and Exchange Commission in 1937.1 "The plight of the individual investor," the commission added, "is accentuated where he is uninformed and unskilled in the intricacies of finance.It is likewise accentuated where his investment is so small that it becomes either impossible or improvident for him to expend the funds necessary to prosecute his claims or defend his position."1* Members of the Illinois Bar.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 29 citations exist upstream.