Securities Class Actions At Decade Low, Survey Finds

Law360 (July 26, 2006, 12:00 AM EDT) -- The number of securities fraud class action lawsuits has continued to drop this year amid signs that corporations are beginning to take corporate governance more seriously, according to a study by Stanford University.

"We're halfway through 2006 and already we're witnessing evidence consistent with a slowdown in the volume of federal class action litigation activity," said Stanford Law School Professor Joseph Grundfest, director of the Securities Class Action Clearinghouse and a former commissioner of the Securities and Exchange Commission.

"While we lack the data necessary to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.