For months, securities industry lawyers have been saying they’ve got a lot on their plate. Now a new report confirms it.
The report released by Cornerstone Research and Stanford Law’s Securities Class Action Clearinghouse quantifies a significant rise in litigation. In the first six months of 2008, the financial services sector produced 63 class action filings, more than the total number from all of last year. The overwhelming majority stem from subprime issues, and filings in the securities sector are currently outpacing all other types of class actions combined.
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