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“It seems to be an area of high interest in the shareholder plaintiffs’ bar in the United States, and I don’t see any letup in this particular trend,” David Kistenbroker, the managing partner at Dechert in Chicago and global co-leader of the white-collar and securities litigation practice, said in an interview Thursday.
March 19, 2020 at 04:39 PM
1 minute read
The original version of this story was published on Corporate Counsel
Approximately 15% of the securities class action suits filed in 2019 were filed against non-U.S. issuers, marking a 2% increase from 2018, according to a recent report published by Dechert.
According to “Non-U.S. Issuers Targeted In Securities Class Actions Files in the United States,” 64 of the 404 securities class action lawsuits in 2019 were filed against non-U.S. issuers. In 2018, 54 of the 403 securities class action suits filed, or 13%, were against non-U.S. issuers.
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