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Study Links Subprime Crisis To Rise In Securities Suits

Law360 (January 3, 2008, 12:00 AM EST) -- The subprime mortgage crisis prompted a 43% increase in the number of companies sued in securities fraud class actions this past year, although the number was still well below the 10-year historical average, according to a study released Thursday.

The study, conducted by Stanford Law School and research firm Cornerstone Research, found that 166 companies had been sued in securities fraud class actions in 2007, up from 116 in 2006. On average, 194 companies were sued a year between 1997 and 2006.

“They are up a...
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