Securities Class Actions At Decade Low, Survey Finds

Law360, New York (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...
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