Securities Filings Drop Sharply As Credit Crisis Subsides

Law360, New York (July 12, 2010, 4:29 PM EDT) -- The number of securities cases filed in the second quarter of 2010 was around 30 percent lower than the number of suits filed during the same period last year — a drop attorneys attributed largely to a decrease in litigation stemming from the credit crisis.

According to data compiled by Law360, regulators and private actors filed 292 securities-related cases in the federal courts during the second quarter of 2010, representing a major drop from the 420 cases filed during the same time frame the previous year....
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