Securities Class Actions Fall But Libor Litigation Lurks

Law360, New York (July 26, 2012, 7:11 PM EDT) -- Although the number of securities class actions fell in the first half of 2012, largely due to a decrease in the amount of cases filed over Chinese reverse mergers, legal experts expect the Libor rate-rigging scandal and other bank black-eyes to provide fresh fuel for plaintiffs and reverse the downward trend.

In the first six months of 2012, plaintiffs filed 88 securities class actions, a 6 percent decrease as compared to the same period of 2011, according to a report released Wednesday by Stanford Law School...
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