2011 was a remarkable year in the world of securities class actions, with notable decisions from the Supreme Court, and a number of interesting rulings from Circuit and District Courts as well. The Supreme Court issued three decisions covering important merits and class certification-related issues in securities class actions, following two significant securities decisions in 2010. Three of these five decisions from the last two years could be characterized as “plaintiff-friendly”— from a Supreme Court generally considered to be “pro-business.” Although the numbers may vary among Circuits, the overall pace of securities class action filings will likely continue unabated. NERA’s year-end review projects 232 securities class action filing s in 2011, broadly in line with levels observed over the past three years.
via Securities Litigation Year in Review 2011 –Haynes and Boone