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US securities class actions continue decline
Securities Class Action | 2010/08/05 14:24
In cooperation with Stanford Law School’s Securities Class Action Clearinghouse, Cornerstone Research has issued its Securities Class Action Filings 2010 Mid-Year Assessment. The analysis concludes that new federal securities class action filings continue to decline from 2009, largely because of a drop in credit crisis litigation. John Stigi of Sheppard Mullin Richter & Hampton opines that if filings don’t pick up, 2010 could see the lowest number of securities class actions since 2006 and the second lowest since 1997.


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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
 
 
 

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