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Securities Class Action Filings Well Above Historical Average, Report Shows

(July 27, 2016, 1:51 PM EDT) -- BOSTON — Federal securities class action filings climbed to higher than historical averages in the first half of 2016, up 27 percent from the semiannual average observed between 1997 and 2015, according to a semiannual report released July 26 by economic and financial consulting firm Cornerstone Research.

(Report available. Document #57-160815-011X.)

According to the report, “Securities Class Action Filings: 2016 Midyear Assessment,” there were 119 new securities class action lawsuits filed in the first six months of 2016, up from the 102 filed over the same...
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