Filings of securities class actions plummeted in the first half of the year, despite the coronavirus’ hit on the U.S. stock market, according to a report released on Wednesday by Cornerstone Research.
According to the report, “Securities Class Action Filings — 2020 Midyear Assessment,” compiled with the Stanford Law School Securities Class Action Clearinghouse, there were 182 new class action securities filings through June 30, an 18% decrease from the second half of 2019 and the lowest since the end of 2016.
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