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BLOGS. January 28, 2026

How the PSLRA Reshaped Securities Litigation Over 30 Years

It has been 30 years since the enactment of the Private Securities Litigation Reform Act (PSLRA)—a federal law that revised the rules for securities class actions. Since then, eligible investors have gained access to more than $100 billion in court-approved settlement funds across thousands of securities class actions in the United States. Three decades on, the PSLRA remains the exclusive framework for how securities class actions are filed, litigated and resolved. It has also greatly influenced how institutional investors approach participation.