Second Report Says Securities Class Action Filings Up Near 7-Year High
(January 25, 2016, 2:35 PM EST) -- NEW YORK — The number of federal securities class action filings reached numbers not seen in seven years, as 234 complaints were filed, including 182 alleging violations of Securities and Exchange Commission Rule 10b-5 and Sections 11 and 12 of the Securities Act of 1933, according to a report released Jan. 25 by NERA Economic Consulting.
(Report available. Document #57-160216-007X.)
According to the report, “Recent Trends in Securities Class Action Litigation: 2015 Full-Year Review, “[f]ilings were particularly concentrated in the technology sector, which accounted for more...