Jul. 26, 2017
Security class action filings at record level in 2017
The rate at which securities fraud class actions are filed in federal court hit an all-time high for the first half of 2017, according to a study released by Cornerstone Research Tuesday.
The rate at which securities fraud class actions are filed in federal court hit an all-time high for the first half of 2017, according to a study released by Cornerstone Research Tuesday.
Over the last six months, 226 class actions were filed, which is 135 percent higher than the historical average. Cornerstone has been tracking this metric since 1997, when the Private Securities Litigation Reform Act was enacted.
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