Securities Class Actions Increase In 2007: Study
The annual study, released by PricewaterhouseCoopers on Tuesday, found that 163 class actions were lodged in court in 2007 and marked a 49.5% increase from the 109 filed the previous year.
Subprime-lending-related litigation contributed to the 2007 boost, with 37 cases filed over the issue, according to the study. Class actions against...
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