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ARTICLE · 29 AUGUST 2024

Recent Trends In Securities Class Action Litigation: 2024 H1 Update

There were 112 new federal securities class action suits filed in the first half of 2024. Of these, 106 were standard cases containing alleged violations of Rule 10b-5, Section 11, and/or Section 12, and 15 standard cases...

United StatesCorporate/Commercial Law

Standard Filings Increased Slightly, Account for Nearly All New Filings

Resolutions on Track to Exceed 2023 Levels

There were 112 new federal securities class action suits filed in the first half of 2024. Of these, 106 were standard cases containing alleged violations of Rule 10b-5, Section 11, and/or Section 12, and 15 standard cases were filed against foreign companies. Filings against companies in the electronic technology and technology services and the health technology and services sectors accounted for 54% of filings, and the Second and Ninth Circuits accounted for approximately 60% of filings. Among filings of standard cases, 38% had an allegation related to missed earnings guidance.

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