Credit Crisis Class Action Flood Has Peaked: Report

Law360, New York (December 15, 2009, 1:42 PM EST) -- The wave of securities class actions emanating from the global credit crisis appears to have crested, with much of the remaining litigation growing out of investors taking on exchange-traded funds, according to a report released Tuesday.

NERA Economic Consulting Inc. said in its report, Recent Trends in Securities Class Action Litigation: 2009 Year-End Update, that it expected a total of 235 securities actions to be filed over the course of this year, with the pace slowing over the last six months.

That total would represent a...
To view the full article, register now.