Securities Class Actions Hit 6-Year High: Report

Law360, New York (December 18, 2008, 12:00 AM EST) -- The subprime mortgage meltdown and ongoing financial crisis have fueled a surge in securities class action filings in 2008, with year-end numbers projected to outpace last years' filings by a massive 37 percent, according to a study by an economic analysis firm.

The number of investor class actions filed against U.S. companies is expected to hit 267 by Dec. 31, the highest annual total in six years, according to the study, which was released Thursday by NERA Economic Consulting.

“It looks like the slowdown that started...
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