New Securities Suits Dip As Financial Crisis Fades

Law360, New York (September 13, 2010, 3:28 PM EDT) -- With securities class actions stemming from the global financial crisis petering out, the number of securities class actions filed in the first half of 2010 declined by 4 percent compared with the same period in 2009, PricewaterhouseCoopers LLP said Monday.

According to the accounting firm's Securities Litigation Mid-Year Update for 2010, U.S. federal courts are on pace to see a total of 140 securities class actions filed this year, a dip of around 10 percent from the 155 filed in 2009.

Financial crisis-related class action litigation...
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