U.S. federal securities class action suits in 2008 rose 29 percent over the previous year fueled by the global financial crisis, according to a consulting firm report released recently.
New York-based PricewaterhouseCoopers' "2008 Securities Litigation Study," found federal class action security lawsuits increased by 47, from 163 case filings in 2007 to 210 last year.
"The unprecedented financial events of 2008 eclipsed all other issues during the year," said a statement from Grace Lamont, PwC principal and U.S. securities litigation practice leader and editor of the study.
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.
