TITLE

Securities Class Actions Fall In 2009

AUTHOR(S)
Sclafane, Susanne
PUB. DATE
March 2010
SOURCE
National Underwriter / P&C;3/15/2010, Vol. 114 Issue 9, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline of securities class actions in the U.S. for 2009. According to Advisen report, all securities suit-types have increased 13 percent to 910 cases. In the Stanford/Cornerstone report, securities class actions for the period has dropped by 24 percent from 223 class-action filings in 2008. The downward trend in filing overall is attributed to the decline of litigation activity related to the credit crisis and the rising stock market.
ACCESSION #
48656732

 

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