Recent Class Action Stats: Bad News For Public Cos.
Law360, New York (August 14, 2012, 12:20 PM ET) -- Trends in the filing of securities class actions are chronicled in reports issued by Cornerstone Research and NERA Economic Consulting for the first half of 2012. The two reports agree on a number of items but differ on the overall trend regarding the pace of filings. Despite the differences in the reports, the key point which emerges from all the statistics and trends is that a public company has a much more significant chance of being named as a defendant in a securities class action today...
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