The role of pension funds in such suits became all the more important after the securities-law reform of 1995 that limited the abilityof some plaintiffs to file shareholder lawsuits.
This will provide the GOP with an important lesson that Democrats, with their head full of idealism and hope and change, have learned over the past four years: the limitedabilityof the President to control the economy.
In recent years, the high costs of regulatory compliance associated with Sarbanes-Oxley and the effects of Dodd-Frank combined with a waning initial public offering (IPO) market and increasing global competition have limited the abilityof smaller companies to access new capital through the public markets.