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In 1991, CPR convened a Securities Disputes Committee that attempted to articulate a systemic approach to resolving disputes endemic to the industry by use of ADR methods appropriate to the nature of the conflict. In particular, the committee attempted to devise ADR mechanisms appropriate to four broad categories of securities disputes: class actions brought under Rule 10b-5, contribution litigation, shareholder derivative suits and SEC enforcement actions. In each category, traditional litigation was analyzed, barriers to settlement identified, opportunities for joint gains discussed, and desirable characteristics of dispute resolution mechanisms suggested, along with model procedures.