CRA Insights

Litigation Implications Of The Auction Rate Security Market Freeze

May 14, 2008

Since late 2007, investors in auction rate securities have faced problems selling their holdings due to lack of market liquidity. As a result, a number of securities class action lawsuits have recently been filed on behalf of investors. This briefing provides background and analysis on the auction rate security market, recent liquidity problems, and the resulting litigation.

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