Fewer federal securities class actions were filed in the first half of 2011 than in the previous six months, largely due to a decline in lawsuits related to the credit crisis, according to a new report from Cornerstone Research and Stanford Law School Securities Class Action Clearinghouse.
Ninety-four federal securities class actions were filed in the first half of 2011, down from 104 in the second half of 2010, according to Cornerstone Research’s “Mid-Year Assessment.” Only 49 of those were what the report called “traditional” securities lawsuits alleging fraudulent statements that caused investor losses, down from 70 in the second half of 2010. Only two of those traditional suits were related to the credit crisis.
This content has been archived.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?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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]
