Though securities class action lawsuit filings were below
historical averages, overall corporate and securities litigation reached
"record" levels during 2010, according to a report from the insurance
information firm, Advisen. The report, which was released on January 19, 2011
and is entitled...
As a result of a spike in second half filings, the number
of new securities class action lawsuits increased slightly in 2010 compared to
the year before, although the 2010 filing levels remained below historical
averages, according to the annual study released jointly by Cornerstone
In a settlement that has a number of interesting
features, Satyam Computer Services, an Indian technology outsourcing company,
has agreed to pay $125 million to settle the consolidated securities class
action litigation pending against the company in Southern District of New York.
The only settling...