Why Section 11 Class Actions Are Proliferating In Calif.
Law360, New York (April 27, 2015, 10:33 AM EDT) -- Over the past three years, the number of initial public offerings has been consistently rising. In 2014 alone, IPO activity increased 31 percent from the previous year, reaching the highest level since the end of the dot-com era in 2000. And it appears that 2015 will be no different. In a survey of capital markets executives at leading investment banks, more than two-thirds believed that high IPO activity would either remain the same or increase in 2015.
Unsurprisingly, this expanded IPO activity has led to an increase in litigation under Section 11 of the Securities Act, which imposes liability for material...
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