ARTICLE · 24 APRIL 2018

Funds As Plaintiffs: A New Set Of Questions

Stradley Ronon Stevens & Young

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Last year, plaintiffs filed an unprecedented 412 new federal class-action securities cases, meaning that the "likelihood of securities litigation against U.S. exchange-listed companies was greater in 2017...

United StatesLitigation, Mediation & Arbitration

Joseph T. Kelleher

Last year, plaintiffs filed an unprecedented 412 new federal class-action securities cases, meaning that the "likelihood of securities litigation against U.S. exchange-listed companies was greater in 2017 than in any previous year."¹ In the first quarter of 2017, more cases alleging violations of the Exchange Act's Section 10(b)/Rule 10b-5 were filed than in any quarter since the aftermath of the dotcom boom.² At the same time, the number of dismissals spiked and the value of settlements dropped precipitously.³ The surge in U.S. securities class actions has been accompanied by a substantial uptick in securities fraud litigation overseas, with investor recovery actions being filed in various jurisdictions around the globe.

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