Securities Fraud Class Action FIlings Remain Below Historical Averages

Stanford Law School and Cornerstone Research released their annual Securities Fraud Class Action FiIings Report indicating that the recent increase in litigation activity was 14 percent below the 10-year historical average. However, activity rose, from 116 to 166, between 2006 and 2007, due to the subprime crisis and stock market volatility.

Although the number of companies sued in securities fraud class action litigation was 14 percent below the 10-year historical average, activity rose from 116 to 177 between 2006 and 2007.

Read the press release here.

Read the complete report here.