PriceWaterhouseCoopers has published its 13th annual report on trends in private securities class actions. The 2008 report offers a variety of statistics, trends, and insights into securities class action litigation from the past year.
Some of the statistical highlights include an overall increase in filings but a decrease in the number and amount of settlements. The report examines filings by circuit and examines trends in the nature of allegations being made, the types of corporations, industries, and corporate officers being targeted as defendants, and trends in institutional investors being named as lead plaintiff.
Not surprisingly, the report offers specific analysis of the impact of the global economic crisis on the types of cases filed in 2008, and it includes special section on U.S. securities class actions against foreign companies and trends on the inclusion of foreign plaintiffs or class members in U.S. class actions.
The report concludes with a section offering strategic advice for managing civil securities litigation following a criminal investigation into alleged corporate misconduct.
PWC’s website has a variety of other securities-related publications: