NU Online News Service
Lawsuits filed in reaction to low deal prices for mergers and acquisitions helped fuel an increase in the overall level of third-quarter securities lawsuits, even as suits related from the credit crisis petered out, experts said recently.
New York-based Advisen counted 284 securities suits altogether in the third quarter of 2010, compared to 278 in the second quarter in a report released last month.
In the first quarter of this year, Advisen had attributed a short-lived downward trend in securities suit filings to a steep decline in credit-crisis claims--and that has continued, according to John Molka, senior industry analyst and editor for Advisen, who authored the firm's third quarter analysis.
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