securities class actions 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 …

Investors Allege Securities Violations by Cryptocurrency Issuers, Exchanges

Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of U.S. securities laws. The 11 lawsuits, filed on Friday in U.S. District …

Slew of Republican Judicial Appointments Could Bode Well for D&O Insurers

Directors and officers (D&O) insurance has faced major losses in recent years, due in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new judicial appointments through the Republican-led Congress could …

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 …