Interview With Stanford Law Professor Joseph Grundfest About The State Of Securities Class Action Litigation

Every year, the Stanford Law School Securities Class Action Clearinghouse , in conjunction with Cornerstone Research , releases its annual overview of securities class action lawsuit flings. As I noted in a post last week, this year's version introduced a number of innovations and reflected a host...

Study: 2010 Median Settlement Amount Of Securities Class Actions Hit Record

Though the average dollar value of securities class action settlements approved in 2010 declined slightly compared to 2009, the median settlement amount reached record levels, according to Cornerstone Research's annual 2010 Securities Class Action Settlement Study. Cornerstone's March 10, 2010...

Some Securities Class Action Lawsuits Still Being Filed After Considerable Delay

Among other things, Cornerstone Research's mid-year 2011 analysis of securities class action lawsuit filings reported that during the year's first half lawsuits were filed more quickly. The report said that in the first six months of 2011 "the median lag between the end of the class periods...

Cornerstone Study Tracks Increase In Shareholder Litigation Involving Mergers And Acquisitions

On April 25, 2012, Cornerstone Research released a report written by Stanford Business School Professor Robert Daines and Cornerstone Research Principal Olga Koumrian entitled "Recent Developments in Shareholder Litigation Involving Mergers and Acquisitions - March 2012 Update" ( here ). This...

Increase In Accounting Class Action Securities Filings Fueled By Chinese Reverse Merger Cases

On the eve of the tenth anniversary of the enactment of The Sarbanes Oxley Act, Cornerstone Research has released a study of the filing trends and settlements of securities class action lawsuits involving accounting allegations. The May 2012 report entitled "Accounting Class Action Filings and Settlements...

U.S. Chamber Proposes Legislative Solutions To M&A-Related Litigation

The growing problem of M&A-related litigation has been well-documented on this site (refer for example here ). The prevalence of M&A litigation has grown to the point that virtually every M&A transaction involves litigation, and often involving multiple lawsuits in multiple jurisdictions...

Cornerstone Report Says Securities Class Actions Involving Accounting Allegations Less Likely To Be Dismissed, Take Longer To Resolve

Securities class action lawsuits involving accounting allegations are less likely to be dismissed, take longer to resolve, and make up a much greater proportion of total securities suit settlement dollars than non-accounting cases, according to a new report from Cornerstone Research. The report, entitled...

Cornerstone Research Report: Securities Suits ‘Depressed’ In Year's First Half

Securities class action lawsuit filings “remained at depressed levels” during the first half of 2013 according to the latest report from Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse. The report, entitled “Securities Class Action Filings: 2013...