Securities class action filings have dropped 38 percent, from 178 filings in 2005 to 110 in 2006, according to an annual report released by a think tank affiliated with Stanford Law School. The study cites three main factors to explain the drop: increased pressure from federal regulators that may be reducing the amount of fraud in the market, a strong stock market combined with lower stock price volatility, and prior resolutions of lawsuits filed in the late 1990s and early 2000s.
January 04, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Securities class action filings have dropped 38 percent, from 178 filings in 2005 to 110 in 2006, according to an annual report released by a think tank affiliated with Stanford Law School.
That marked the lowest point since the adoption of the Private Securities Litigation Reform Act in 1995, according to the report put out by the law school’s Securities Class Action Clearinghouse.
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