Securities Class Actions: The Return of the Pig and the Python

Every few months, it seems, a new report counting the number of securities class actions filed year to date is released, and sweeping conclusions often follow. The latest such report issued by Stanford Law School and Cornerstone Research finds that securities class action lawsuits fell 24 percent in 2009, prompting the WSJ’s Law Blog to ask today, “Is The Golden Era of Securities Class-Action Suits Coming to An End?

The report has also brought the return of a familiar explanation for the decline that we heard after the decline four years ago: that the “pig has moved through the python.” Has it? Read more in this post on my Enforcement Action blog over at Compliance Week.

1 Comment

  • Social Lawyer
    Posted April 14, 2012, 11:12 am 11:12 am 0Likes

    Could it be that companies are getting better at complying with the law and thus making it more difficult to find grounds to file a lawsuit?

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