Securities class actions landscape is constantly changing

FRT Admin
Site administrator
September 16, 2015

change in securities litCornerstone Research Group’s 2015 mid-year report highlighted interesting trends that previously have not been prevalent in the securities class action landscape. This year, we have seen an increase in filings towards technology and industrial sectors. The Ninth Circuit, which consists of the western states, saw more filings than previous years, which is not surprising due to the concentration of technology company’s on the west coast. With more litigation activity arising in the west, it will be interesting to see if plaintiff firms expand westward rather than being primarily focused in New York or Washington D.C.

Historically, there has been high activity in filings against larger companies, but that number is down according to the Cornerstone report. There have been more filings towards smaller public companies resulting in smaller securities suits. This has resulted in a decrease of the historical semiannual average of total Disclosure Dollars from $60 billion to $34 billion. Even though the trend for securities class actions is moving away from larger companies, we still expect to see suits against large cap companies because of the recent market volatility.

Read more about this year’s changes and trends for securities class actions.

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

ABOUT FINANCIAL RECOVERY TECHNOLOGIES
SETTLED  I  NON-US GLOBAL OPT-IN  I  ANTITRUST  I  GLOBAL PASSIVE  I  DIRECT OPT-OUT  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.