May 17, 2012

2010 Mid-Year Securities Litigation Reports That New Federal Securities Class Action Filings Continue To Decline, Returning To Pre-Recession Levels

Sheppard, Mullin, Richter & Hampton LLP
John P. Stigi III
Sheppard, Mullin, Richter & Hampton LLP
Friday, August 13, 2010
Administrative & Regulatory / Corporate & Business Organizations / Litigation / Trial Practice / Securities & SEC
All Federal
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NERA and Cornerstone Research (in cooperation with Stanford Law School’s Securities Class Action Clearinghouse) recently issued their respective assessments of securities litigation for the first six months of 2010. (Their findings and analyses are summarized in press releases here: NERA, Cornerstone.) Both report that new federal securities class action filings continued to decline from 2009, as litigation following the 2008 credit crisis winds down. (We previously reported on trends for 2009 here.) If new filings continue at the same pace through the rest of the year, we could see the lowest level of filings since 2006 and the second lowest since 1997.

Copyright © 2012, Sheppard Mullin Richter & Hampton LLP.

About the Author

John P. Stigi III
Partner

John Stigi is a partner in the Business Trial Practice Group in the firm's Century City and New York offices, and leader of the firm's Corporate/Securities Litigation Team.

jstigi@sheppardmullin.com
310-228-3717
www.sheppardmullin.com

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