A report on trends in federal securities class actions–including a dip in the number of suits below 200 for the first time since 1997–is giving directors and officers liability insurers reason to celebrate.
The study, released jointly by the Stanford Law School Securities Class Action Clearinghouse in Palo Alto, Calif., and Boston-based Cornerstone Research, found that the number of securities fraud class actions filed in 2005 decreased more than 17 percent compared to 2004 levels–to 176 from 213 filings a year earlier.
A review of year-by-year statistics posted on Stanford Law School's securities class action Web site (http://securities.stanford.edu) revealed that the number of suits has exceeded 200 for seven straight years prior to 2005, with lows of 110 and 175 in 1996 and 1997, respectively.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
