Law360, New York (April 11, 2012, 3:40 PM ET) -- With fewer opportunities to bring new cases over the financial crisis, many shareholder plaintiffs have redirected their aim to corporate transactions, bringing a flood of class actions over mergers and acquisitions in 2011, according to a report released Wednesday by PricewaterhouseCoopers LLP.
Federal statutes of limitation and other factors have sharply reduced the number of cases lodged over the 2008 financial meltdown — only nine were filed in 2011 — but shareholder plaintiffs have found attractive alternatives in the increased mergers brought on by the rebounding...
M&A Drove 2011 Securities Actions As Crisis Suits Died Down
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