‘Enforcement 40′ for 2017
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NERA Economic Consulting: Federal Securities Suit Filings Remain at Recent Elevated Levels | The D&O Diary
Securities class action lawsuit filings remained at elevated levels in 2019, but the mix of cases changed during the year, according to the recently published annual report from NERA Economic Consulting. According to the report, which is entitled “Recent Trends in Securities Class Action Litigation: 2019 Full-Year Review,” there were relatively fewer merger objection lawsuits […]
SEC Public Company Enforcement Actions Highest in Ten Years | The D&O Diary
Due to an increase in the number of enforcement actions resulting from an agency initiative during the year, the number of enforcement actions brought by the SEC against public companies was at the highest level in at least ten years, according to a recent report. The report, entitled “SEC Enforcement Activity: Public Companies and Subsidiaries […]
Number of New SEC Enforcement Actions against Public Companies Rose 30% in FY 2019 | Cornerstone Research
The number of new U.S. Securities and Exchange Commission enforcement actions against public companies and subsidiaries in fiscal year 2019 rose more than 30% over the previous fiscal year, driven by self-reporting under the SEC’s Share Class Selection Disclosure Initiative (Share Class Initiative), according to a report released today by the NYU Pollack Center for […]
How effective is the SFO really? | ICAEW Economia
However, the report itself appears ambivalent about whether those aspirations are compatible with, or in opposition to, each other. Its summary of findings says that the SFO is facing clear challenges, identifying the central one as being that the organisation’s “sharp focus on delivery of casework” has “driven a culture of delivery which has, in […]
Experts Say Securities Fraud Claims Remain High, and Insurance Rates Will Follow | Corporate Counsel
The Securities Class Action Filings—2019 Midyear Assessment, released Thursday by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse, shows that plaintiffs filed 198 new federal securities class actions in the first half of 2019. The number of filings continued this year at a near record level. “The likelihood of a lawsuit of […]
Securities Suit Filings Remain at Heightened Pace in Year’s First Half | The D&O Diary
During the first six months of 2019, federal court securities class action lawsuit filings remained well above historical levels and roughly on pace with the elevated filing levels in 2018. The number of federal court securities suit filings was significantly increased by the number of federal court merger objection lawsuit filings; however, even disregarding the […]
SEC Enforcement Actions against Public Companies Remain at Near-Record Levels Despite Government Shutdown | Cornerstone Research
U.S. Securities and Exchange Commission enforcement actions against public companies and their subsidiaries remained at near-record levels through the first half of the 2019 fiscal year, which ended March 31. According to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research, enforcement actions reached these levels despite the […]
A Lens into SEC Enforcement | Middle Market Growth
The report demonstrates how these principles led to the SEC’s primary focus on protecting Main Street investors from bad actors and fraudulent conduct in 2018. The report also imparts another important message from the co-directors of the SEC’s enforcement division: Success should not be solely measured by the sheer number of cases brought or the […]
US Chamber’s Legal Arm Calls for Reform of Explosive Securities Class Action System | Corporate Counsel
Mayer Brown partner Andrew Pincus, who spoke at the briefing and prepared one of the research reports, told Corporate Counsel that general counsel should consider such litigation a serious threat. “The data show that public companies today have the highest possibility of being sued of any time in history,” Pincus said. “That’s basically means every […]
U.S. Securities Class Action Litigation: Alarm Bells and Reform Proposals | The D&O Diary
The new Institute paper to which I linked above begins by recapping and updating the prior paper’s observations about the current alarming trends concerning U.S. securities class action litigation. The paper reviews and further details two specific current securities litigation trends — the flood of federal court merger objection litigation and rise of event-driven securities […]