TITLE

Securities class action litigation declines in 2009: Study

AUTHOR(S)
Ceniceros, Roberto
PUB. DATE
January 2010
SOURCE
Business Insurance;1/11/2010, Vol. 44 Issue 2, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in securities fraud lawsuits filed in 2009, according to a study by Cornerstone Research and the Stanford University Law School Securities Class Action Clearinghouse in California. It says 169 federal class action suits were filed by claimants during the year, compared to 223 in 2008. The researchers said the decrease is a manifestation of a drop in stock market volatility and easing of the subprime and credit crises. The trend is noted to prolong the soft market for directors and officers (D&O) liability insurance.
ACCESSION #
47840960

 

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