To read about the Supreme Court's Amgen decision and its impact on securities class actions, click here.
According to two recent studies, securities class actions were down in 2012—a welcome announcement for embattled Corporate America, which faced strings of post-recession lawsuits tied to the financial crisis.
John Gould, senior vice president of Cornerstone Research, says there is another reason securities class actions declined last year. “There simply was no big trend,” he says. “In the past few years, we’ve seen filings related to IPOs, options backdating, subprime mortgages, the credit crisis … there’s usually some sort of trend, and we just didn’t have one in 2012.”