Securities class action trends in 2015

FRT Admin
Site administrator
February 9, 2016

trends2015 was a big year for securities class actions and marks the highest annual filings since 2008 with a total of 191. 186 of the filings were in the federal court with 5 filed in the state court. Even with this increase in securities filings, the amount of U.S.-listed companies is about half compared to the total number of public companies in 1997.

As noted here, 15% of all securities suits filed were IPO-related filings. In 2014, IPO-related securities filings made up just 10% of the annual filings. Also, we have previously discussed the increase of securities suits towards foreign companies. In 2014 and 2015, there were 34 annual filings against non-U.S. companies, which is still well above the historical annual average of 22 filings.

In 2015, according to the Standard Industrial Classification Code Categories, there were 99 different categories represented in securities suits. The life science sector was amongst the most common to have securities suits filed with 21 filings toward Pharmaceutical Preparations and 28 against Drug companies. Out of the 191 securities suits, 71 were filed against companies in the life sector and high tech companies. Most of these trends were expected based on figures from previous years, but it will be interesting to see if they become more prevalent in 2016 or if new trends arise.

Read more about 2015 trends in securities class actions here.

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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.