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2013 Trends in US Securities Class Actions

Posted in Class Actions, Cross-Border, Securities

A recent report reveals some interesting trends in US securities class actions.  “Securities Class Action Filings – 2013 Year in Review”, a report by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse (available HERE) notes that although plaintiffs filed 9% more securities class actions in 2013 than were filed in 2012, the 2013 total is still 13% lower than the average from 1997 to 2012.

The report’s authors look at a variety of related statistics:

There are now fewer listed companies to sue, given the decline in the number of companies listed on the NYSE and NASDAQ (down 46% since 1998); There is a recent increase in initial public offerings on major US exchanges (more in 2013 than in the five years previous); and There is an increase in larger companies undertaking initial public offerings.… Continue Reading