Securities Class Actions Soar

Friday, June 8, 2018 - 09:52

Driven by twice as many M&A-related suits, plaintiffs last year filed the most federal securities class actions in 20 years. “In 2017, the likelihood of litigation for U.S. exchange-listed companies was greater than in any previous year,” according to a comprehensive report by economic and financial consultant Cornerstone Research. “This measure reached record levels because of both the heightened filing activity against public companies and a recent decline in the number of public companies.”