Filed in archive
litigation
by leon on January 8, 2009
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
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/140833
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Subprime meltdown drives litigation:
|
Rating: 8.00 out of 4 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
