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This Week In Securities Litigation (Week ending Feb. 24, 2017)

NERA issued a report this week on Canadian class actions. Although the number of those actions filed last year increased compared to the year before, over the last several years the number of securities class actions filed in Canada has

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The Filing of Canadian Securities Class Actions Increased in 2016

The filing of securities class actions increased significantly last year in the U.S. In Canada the number of such actions filed also increased last year. Over the last two years in Canada however, the number of securities class actions filed

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Securities Class Action Filings Increased Significantly in 2016

There was a significant increase in the number of securities class actions filed in 2016. It is the second straight year of increased filings, according to reports prepared by Cornerstone Research and NERA Economic Consulting. While each firm reports slightly

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Securities Class Action Filings Increase Significantly

The number of securities class actions filed in the first half of the year, as well as the number of mega maximum dollar loss filings during that period, increased significantly, according to a new report from Cornerstone Research (here). Highlights

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Trends In Accounting Class Action Filings

Last year the number of securities class actions filed with accounting allegations exceeded the average over the last ten years. Likewise, the number of accounting cases filed last year alleging internal control violations was the highest since 2006, according to

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Class Certification: Halliburton II and Basic

The predicate for many securities class actions is the fraud-on-the-market theory, adopted by the Supreme Court in Basic, Inc. v. Levinson, 485 U.S. 224 (1988). There the Court held that a securities law plaintiff could invoke a rebuttable presumption of

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Securities Class Action Filings 2015: More Cases, Small Issuers

A new report on securities class actions records an increase in the number of filings in 2015. Most of those actions were brought against smaller issuers, according to the report. PWC, Small Companies, Big Targets – 2015 Securities Litigation Study

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Securities Class Action Suits Increased in 2015

Last year there were more class action suits filed compared to the prior year. The actions were brought largely against companies traded on the two major exchanges in the biotech and healthcare sectors, according to a recent report by Cornerstone

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Securities Class Act Filings Stable For First Half of 2015

The number of securities class actions filed in the first half of 2015 is essentially flat compared to historical averages, according to a new report by Cornerstone Research titled Securities Class Action Filings, 2015 Midyear Assessment (here). At the same

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Accounting Cases – An SEC Priority, But The Cases Being Filed are Class Actions

Accounting and financial fraud cases are an SEC priority. The cases, however, are being brought by the private bar as class actions. The number of accounting class actions filed last year increased by 47% compared to the prior year despite

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This Week In Securities Litigation (Week ending March 27, 2015)

The Supreme Court handed down the Omnicare decision on Securities Act Section 11 liability for opinion statements this week. In a judgment joined by all nine Justices the Court reversed the Sixth Circuit, concluding that opinion statements in a registration

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Securities Class Actions as an Adjunct to SEC Enforcement Actions

The SEC has long considered securities enforcement actions a necessary adjunct to its enforcement program. The Commission has repeatedly noted this point in briefs. The Supreme Court acknowledged the fact. Both Cornerstone Research (here) and NERA Economic Consulting (here) track

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Securities Class Actions and IPOs Increased In The First Half of 2014

The number of securities class actions filed in the first half of this year increased compared to the same period last year. During the same period the number of IPOs increased significantly, suggesting that in the future there may be

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Settlement Trends in Securities Class Actions

Recent trends in securities class action settlements show increasing numbers of settlements for more dollars.

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This Week In Securities Litigation (Week ending March 7, 2014)

A review of SEC and securities enforcement litigation this week.

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Halliburton And the Future of Securities Class Actions: Part II

Part II of a series examining the arguments being presented in Halliburton which seeks to overrule the Court’s decision in Basic and perhaps rewrite the way in which securities class actions are litigated.

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Halliburton And The Future of Securities Class Actions: Part I

Part I of a three part series reviewing the arguments over the use of the fraud on the market theory in securities class actions in Halliburton

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Trends In Securities Class Action Filings

A new report on securities class actions shows the number of filings up for the year but down by historical standards and increasingly focusing on Rule 10(b)-5 claims and allegations of financial fraud.

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The Supreme Court: Rewriting the Rules For Securities Class Actions?

The Supreme Court has agreed to consider a case which may rewrite the rules for securities class actions.

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Class Actions: Fewer Settlements, More Dollars

Securities class action settlement trends show fewer cases settling last year but for dollar amounts comparable to earlier years. The number of securities class actions with a parallel SEC enforcement action declined while those with a derivative suit increased.

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Recent Class Actions Statistics: Bad News For Public Companies

Trends in the filing of securities class actions are chronicled in reports issued by Cornerstone Research and NERA Economic Consulting for the first half of 2012. The two reports agree on a number of items but differ on the overall

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SECURITIES CLASS ACTION FILINGS INCREASE COMPARED TO LAST YEAR

The number of securities class actions filed in 2011 increased to 188 compared to 176 filings the prior year, according to a recent report from Cornerstone Research. That number is still below the average of 194 cases filed from 1997

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