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Spurred by well-publicized troubles in the insurance and pharmaceutical industries, U.S. securities class actions increased in number and size in 2004, according to a study by Cornerstone Research and Stanford University Law School. Alongside more traditional cases, filings not based directly on financial misrepresentations also gained popularity. These securities suits arose from industrywide events and relied on corporate misbehavior rather than allegations of deceptive financial disclosures.
January 14, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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