After three years of significant growth, federal securities class actions dropped off slightly in 2009 — a sign that the flurry of activity spurred by the credit crisis has died down.
NERA Economic Consulting has predicted that federal securities class action filings will top out at 235 in 2009, down by 7 percent from the 253 filed in 2008. Another securities class action tracker, the Stanford Securities Class Action Clearinghouse and Cornerstone Research, does not release its annual report until the year is over, but its tally showed 169 filings as of mid-December, compared to 223 filings for all of 2008. That would represent a 24 percent decrease.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]