Canadian Securities Class Actions Take Slight Dip

Law360, New York (January 27, 2010, 6:17 PM EST) -- The number of securities class actions filed in Canada over the past year dropped slightly from the record set in 2008, but class counsel remain eager to pursue this type of litigation, a new study shows.

Though there were slightly fewer securities class actions filed in 2009 as compared to the year before, the number of filings still surpassed the country’s historical average, according to Trends In Canadian Securities Class Actions: 2009 Update, released Wednesday by NERA Economic Consulting.

“While securities class action litigation is still...
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