July 29, 2008

The rate of filings has picked up again following a couple of slow years, according to the mid-year report from the Stanford Securities Class Action Clearinghouse and Cornerstone Research. Not surprisingly, the market drop and subprime implosion appear to be crucial factors. More details here.

More: Paul Kedrosky. And Kevin LaCroix at D&O Diary cites a new mid-year securities litigation report from NERA (press release, report in PDF), with numbers that diverge somewhat, suggesting some of the problems with "counting" even as relatively well defined a class of lawsuits as this. (More: Lyle Roberts). In a second post, LaCroix takes under consideration the U.S. Chamber's report issued last week on that subject; see also Lyle Roberts.