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ARTICLE · 03 MAY 2024

Developments In Securities Fraud Class Actions Against U.S. Life Sciences Companies

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Last year marked an increase in federal securities class action filings, with plaintiffs filing 213 cases in 2023, up from 197 in 2022 and ending an overall decline in filings since 2019.

United StatesLitigation, Mediation & Arbitration
Joni S. Jacobsen
Joni S. Jacobsen
Angela M. Liu
Angela M. Liu
David Kistenbroker
David Kistenbroker
Julia Markham-Cameron
Julia Markham-Cameron
Biaunca Morris
Biaunca Morris

Last year marked an increase in federal securities class action filings, with plaintiffs filing 213 cases in 2023, up from 197 in 2022 and ending an overall decline in filings since 2019. Life sciences companies remained popular targets, accounting for approximately one in five of these filings.1In this white paper, we examine 2023's filing and decision trends, providing insights for life sciences companies to prudently navigate the litigation landscape.

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Plaintiffs filed a total of 43 securities class action lawsuits against life sciences companies in 2023, which represented almost one in five securities class action lawsuits.

Filings against life sciences companies in 2023 remained stable from the previous year but represent an approximately 50% decrease from five years prior in 2018.Of these cases, the following trends emerged:

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