Report: Securities Class Action Filings Fall in 2009

March 31, 2010

Federal class action filings fell from 210 in 2008 to 155 last year, according to a new PwC report. There were 51 filings directly related to the financial crisis in 2009, compared with 99 in 2008. It was the second straight year that financial services firms bore the brunt of new securities filings, and while the overall numbers decreased, PwC believes that the decline may be a temporary lull, as plaintiffs lawyers look for new targets.

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Report: Securities Class Action Filings Fall in 2009

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