Securities class action filings increased in 2011

Report finds M&A-related transactions accounted for the largest percentage of filings

A new report indicates that 2011 saw a slight increase in federal securities fraud class action filings.

According to Securities Class Action Filings—2011 Year in Review, a semiannual report prepared by the Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research, 188 federal securities class actions were filed in 2011, as compared to 176 filings in 2010. However, the number of filings was 3.1 percent below the annual average of 194 from 1997 to 2010.

Ashley Post

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