A new report has found that securities class action suits fell by 24% in 2009 as litigation related to the credit crunch and subprime crisis began to slow, reports The Am Law Daily. According to the study, compiled by Stanford Law School's Class Action Clearinghouse and Cornerstone Research, the number of companies sued on stock fraud claims dropped from 223 in 2008 to 169 last year, compared with an annual average of 197 over the previous decade.
January 06, 2010 at 07:53 AM
1 minute read
The original version of this story was published on Legalweek
A new report has found that securities class action suits fell by 24% in 2009 as litigation related to the credit crunch and subprime crisis began to slow, reports The Am Law Daily.
According to the study, compiled by Stanford Law School’s Class Action Clearinghouse and Cornerstone Research, the number of companies sued on stock fraud claims dropped from 223 in 2008 to 169 last year, compared with an annual average of 197 over the previous decade.
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