Forbes.com published an insightful article on March 11, 2009 discussing trends in securities class action lawsuits. Citing statistics from the Stanford Securities Class Action Clearinghouse, the article discusses various factors that may explain why the total amount of securities class action settlements has fallen from $16.3 billion in 2006 to $3.1 billion last year. Among the possible reasons: a dwindling pool of deep pockets and the difficulties in proving impact from alleged fraud when the entire market is collapsing.
The article discusses various other trends in securities class actions, including which industries are being targeted and which plaintiffs’ firms are handling the most cases.
Here’s a link to the article:
http://www.forbes.com/2009/03/11/class-action-lawsuit-business-securities.html
Paul Karlsgodt
Raj Chohan
CAB Staff
