Securities Bar Keeps Swagger Despite Class Action Decline

Law360, New York (January 23, 2013, 8:24 PM EST) -- Securities class action filings plummeted in 2012 as recent U.S. Supreme Court decisions weeded out flimsy cases and credit crisis litigation ran dry, but securities attorneys aren’t reaching for the want ads just yet, confident they can find plenty of work in other areas.

The number of new federal securities fraud class actions fell from 188 to 152 between 2011 and 2012, a decline of 19 percent, according to a Wednesday report by the economic consulting firm Cornerstone Research and the Stanford Law School Securities Class...
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