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A Starbucks coffee shop announces its partial reopening during the coronavirus pandemic in Baltimore, MD, on June 14, 2020. A Starbucks coffee shop announces its partial reopening during the coronavirus pandemic in Baltimore, Maryland, on June 14, 2020.

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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Amanda Bronstad

Amanda Bronstad is the ALM staff reporter covering class actions and mass torts nationwide. She writes the email dispatch Critical Mass. She is based in Los Angeles.

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