After three years of significant growth, federal securities class actions dropped off in 2009, according to figures from two consulting and research firms -- a sign that the flurry of activity spurred by the credit crisis has died down. Credit crisis-related filings were almost twice as common during the first half of the year than during the second, providing further evidence that those types of actions are on the way out.
Securities Class Actions May Have Hit Their Peak
The National Law Journal
December 22, 2009