Securities Fraud Cases Plunge To Record Low

Law360, New York (January 2, 2007, 12:00 AM EST) -- The number of U.S. securities fraud class action lawsuits dropped to an 11-year low in 2006 despite a sharp increase in those related to options backdating, according to a pair of year-in-review studies released Tuesday.

The first study, completed by Stanford Law School and research firm Cornerstone Research, found that securities fraud class actions dropped 38% over the past year, from 178 to 110. The second study, completed by NERA Economic Consulting, reported a 36% drop in cases over the same time period, from 211 to...
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