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The law firm as an investment bank in class actions |
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| Authors: | Juergen Backhaus |
| Institution: | 1.Krupp Foundation Chair in Public Finance and Fiscal Sociology, Faculty of the Sciences of State,University of Erfurt,Erfurt,Germany |
| Abstract: | Class action finance raises substantial principal agency problems between plaintiffs and lawyers, which limit the extent to which the class action can be used as an instrument to overcome market failure. |
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