securities class actions News

Securities Class Action Settlement Amounts Plummet

Bringing a securities class action became less lucrative last year. According to a new Cornerstone Research report, total settlements in such cases hit their lowest point in 16 years. The aggregate amount of settlements dropped 78 percent to $1.07 billion …

Securities Class Actions Held Steady in 2014

Deals often beget securities class actions. Yet, despite the active mergers-and-acquisitions market in 2014, the number of new federal securities class actions barely budged from the level in 2013. Last year, 170 securities cases were filed, four more than in …

Accounting Class Action Settlements Stable But Associated Market Losses Double

The number of accounting case settlements in 2013 increased for the second year in a row, but remained low compared with the previous ten years, according to Cornerstone Research’s latest report According to the report, “Accounting Class Action Filings and …

Supreme Court Justices Signal Compromise on Securities Class Actions

U.S. Supreme Court justices on Wednesday appeared to look for a compromise that would give publicly traded companies better defenses against securities class actions without overruling a 26-year-old precedent that made it easier for plaintiffs to negotiate large settlements. During …

Securities Class Actions Up 9% in 2013 But Below Average

Plaintiffs filed 166 new federal securities class actions in 2013, a nine percent increase over 2012, however, the 2013 total is still 13 percent below the average from 1997 to 2012 despite being boosted by a second-half surge. The slump …

Securities Class Actions Rose 10% in 2013: NERA

More securities class actions were filed in U.S. federal court in 2013 compared to 2012 but the increase was small. Also, the number of settlements was near a record low. According to a report by NERA Economic Consulting in New …

Supreme Court Poised to Decide Future of Securities Class Actions

The U.S. Supreme Court accepted a case with the potential to transform securities litigation, agreeing to reconsider a precedent that has served as the foundation for shareholder suits for the past 25 years. The Halliburton Co. appeal asks the court …

Securities Lawsuits Declined 10% in 2012; Future Trend Unclear: PwC

Federal securities class action filings in 2012 decreased by about 10 percent from 2011. There were 172 cases in 2012, compared to 191 cases in 2011, according to consultant PwC US in its  annual securities litigation study. While the first …

Securities Fraud Class Actions Declined in 2012

Fewer investors are taking corporate America to court for fraud. The number of new federal securities fraud lawsuits seeking class-action status fell to a 7-year low in 2012, according to a study by Stanford Law School and Cornerstone Research released …

Judge Names Lead Plaintiffs in Facebook IPO Claim

A group of investors including state pension funds in North Carolina and Arkansas will be the lead plaintiffs in securities lawsuits arising out of Facebook Inc.’s $16 billion initial public offering, a U.S. judge ruled on Thursday. The investors, in …