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Securities Class Actions Dip Below 200

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 cele

By Staff Writer | Updated on January 03, 2006

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.

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