When Jason de Bretteville's client refused to take the easy off-ramp -- a dismissal that would have let everyone walk away quietly -- it set the stage for a sanctions ruling that may finally put teeth into a 30-year-old law. The court was blunt: widespread practice doesn't make a practice acceptable.

Jason is a partner at Stradling Yocca Carlson & Rauth LLP, Chair of the firm's Litigation Department and Co-Chair of its Enforcement Defense and Investigations Practice. In this episode of In the Counsel's Chair, he walks through the case that produced what may be the first-ever sanctions ruling against a plaintiff for filing a bare-bones placeholder complaint in a securities fraud class action -- and what it could mean for how the plaintiff's bar operates going forward.

Jason also explains the structural reasons this practice has per ...