Securities class action suits up in 2013, but not by much

Supreme Court action could push numbers even lower in 2014

While the numbers may have been sagging at the mid-way mark of 2013, class action securities lawsuit filings climbed considerably in the second half of the year, up nearly 9 percent from the number of filings in 2012, says information released on Jan 28 by Cornerstone Research.

But while the numbers were up over the previous year, they’re still down in the grand scheme of things. At the third lowest filing rate in the last 15 years, there seems to be a continued trend towards a reduction of these types of class action suits. The Cornerstone report indicated that the settlement of lawsuits resulting from the financial crisis and Chinese reverse mergers cases were a large part of this trend.

Executive Editor

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Chris DiMarco

Chris DiMarco, Executive Editor of InsideCounsel magazine, has a background in multimedia production with previous involvement in projects in which he developed and created content...

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