Securities Class Actions Increase In 2007: Study

Law360, New York (April 8, 2008, 12:00 AM EDT) -- Stemming in part from the subprime lending crisis, the number of securities class actions filed in federal court in 2007 rose by nearly half compared with those filed in 2006, according to a study.

The annual study, released by PricewaterhouseCoopers on Tuesday, found that 163 class actions were lodged in court in 2007 and marked a 49.5% increase from the 109 filed the previous year.

Subprime-lending-related litigation contributed to the 2007 boost, with 37 cases filed over the issue, according to the study. Class actions against...
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