For months, securities industry lawyers have been saying they've got a lot on their plate. And now there's proof. A new report released by Cornerstone Research and Stanford Law's Securities Class Action Clearinghouse shows that, in the first half of 2008, the financial services sector produced 63 class action filings -- more than the total number for all of 2007. The overwhelming majority are from subprime issues. And filings in the securities sector are outpacing all other types of class actions combined.
Subprime Class Actions Proliferating, Says New Report
July 30, 2008