Securities class actions landscape is constantly changing

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.

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