May 17, 2012

2010 Year-End Securities Litigation Reports Show a Second Half Increase In New Class Action Filings, With Merger Cases Spiking

Sheppard, Mullin, Richter & Hampton LLP
Securities and Corporate Finance Practice
Sheppard, Mullin, Richter & Hampton LLP
Tuesday, January 25, 2011
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 year-end assessments of securities litigation for 2010. (Their findings and analyses are summarized in press releases here:  NERA, Cornerstone.) Both report that new federal securities class action filings reversed their first-half 2010 decline. (We previously reported on trends for the first half of 2010 here.) One notable development was the increase in class actions by shareholders challenging the fairness of proposed mergers at a pace ahead of the increase in merger activity, suggesting a shift in focus and resources among the plaintiffs’ bar as credit crisis litigation begins to wind down.

Copyright © 2012, Sheppard Mullin Richter & Hampton LLP.

About the Author

Securities and Corporate Finance Practice

Sheppard Mullin's securities and corporate finance practice includes a seasoned team of securities attorneys who represent a wide range of public companies and investment bankers. Our attorneys have significant experience in all areas of regulatory compliance and disclosure under the Securities Exchange Act of 1934 and capital formation under the Securities Act of 1933. We advise on corporate governance issues and have extensive experience advising boards, audit committees, compensation committees and nominating and governance committees of public companies. Our securities practice also...

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