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Subprime meltdown drives litigation
Filed in archive litigation by leon on January 8, 2009
Subrpime meltdown drives litigation


The financial meltdown is driving litigation.

New data released in the Securities Class Action Filings: 2008 Year End Assessment, from Cornerstone Research and the Stanford University Law School Securities Class Action Clearinghouse shows that of the companies included in the S&P 500 index, 9 percent were sued in a federal securities class action in 2008, compared to only 5 percent in 2007. And the subprime/liquidity crisis was associated with 97 federal securities class actions.

In 2008, 111 class actions were filed against firms listed on the NYSE/Amex compared to 68 against firms listed on NASDAQ.

With the way the market is travelling, we can expect this to continue for some time.



Permalink: Subprime meltdown drives litigation
Tags: Securities  Class  Action  Filings:  2008  Year  End  Assessment  Stanford  University  Law  School  Securities 
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