Cornerstone Research News

Accounting-Related Cases Make Up 80% of Securities Class Action Settlement Dollars

In a year of a decline in overall securities class action filing activity, the number of securities class action filings involving accounting allegations increased in 2020 for the third consecutive year. According to a report by Cornerstone Research, accounting allegations …

Big Settlements Drove Value of Securities Class Actions Above $5 Billion in 2018

The total settlement value of securities class actions rose sharply to $5 billion in 2018, driven by five settlements of at least $100 million, according to a report by Cornerstone Research. The report, Securities Class Action Settlements—2018 Review and Analysis, …

SEC Actions Against Public Companies Surged in Second Half

The number of new U.S. Securities and Exchange Commission (SEC) enforcement actions against public companies and subsidiaries jumped substantially in the second half of fiscal year 2018. According to a report by the NYU Pollack Center for Law & Business …

SEC Public Company Actions, Settlements Continue to Decline

Securities and Exchange Commission enforcement actions against public companies and their subsidiaries continued their downward trend through the first half of the 2018 fiscal year. SEC enforcement activity is on pace to reach the lowest level since 2013, according to …

Securities Class Action Settlement Dollars Plummeted in 2017: Cornerstone

Total settlement dollars from securities class actions fell dramatically in 2017, even as the number of settlements remained steady. According to a new report by Cornerstone Research, Securities Class Action Settlements – 2017 Review and Analysis, the total value of …

Federal Class Action Securities Fraud Filings Set Historic Pace

Federal class action securities fraud filings hit a record pace in the first half of 2017. Over the past six months, plaintiffs initiated 226 securities fraud class actions in federal court, more than in any equivalent period since enactment of …

Securities Class Action Activity Remains High: Cornerstone Research

U.S. Securities and Exchange Commission (SEC) enforcement activity remained elevated through the first half of fiscal year 2017, according to Cornerstone Research. The data show an increase in actions involving broker-dealers, issuer reporting and disclosure, and securities offerings. The SEC …

Class Action Settlements Topped $3 Billion in 2015: Cornerstone Research

There were 80 securities class action settlements approved in 2015, the highest number since 2010, and total settlement dollars rose to more than $3 billion, according to research by Cornerstone Research. The report, “Securities Class Action Settlements—2015 Review and Analysis,” …

Securities Class Action Activity Rose 11% in 2015: Cornerstone

Federal securities class action litigation rose to 189 filings in 2015, an 11 percent increase over 2014 levels, according to new research. “Securities Class Action Filings—2015 Year in Review,” a report issued by Cornerstone Research and the Stanford Law School …

Why Not Much Change in Securities Class Actions?

Plaintiffs brought 85 federal class action securities cases in the first half of this year, or seven fewer than they did last year. The 85 filings in the first six months of 2015 falls 10 percent below the semiannual average …