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Securities Fraud Lawsuits Remain At Low Levels

Law360 (July 10, 2007, 12:00 AM EDT) -- The number of U.S. securities fraud class actions remains well below average thanks to increased government enforcement and a strong stock market, according to a study released Tuesday.

The mid-year report, completed by Stanford Law School and research firm Cornerstone Research, found that 59 securities fraud class actions had been filed in the first half of 2007. Though that number was slightly above the 2006 second-half total of 53, it was much less than the average semi-annual filing rate of 101 from 1996 to 2005....
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