It's A Bull Market — For Securities Class Actions

Law360, New York (August 4, 2008, 12:00 AM EDT) -- In the first six months of 2008, plaintiffs attorneys filed 110 securities class actions – more than the total number from all of 2007, according to a study released Wednesday. The financial sector was the hardest hit, with most of the class actions coming in the wake of the credit crunch and the auction rate securities mess.

The report, published Wednesday by Cornerstone Research and Stanford Law School, suggested a pace of 220 filings for all of 2008.

The financial sector registered 63 filings for new...
To view the full article, register now.