The federal securities class action litigation arena is increasingly focused on mergers-and-acquisitions-related cases, which increased by 17% to reach an all time high in 2011, according to a new study.
The study, released Wednesday by PricewaterhouseCoopers, found that 48 M&A-related cases were filed in 2011, the largest single category of non-accounting cases. Meanwhile, suits related to the financial crisis hit their lowest point since the downturn in 2008, with just nine cases being filed.
via Securities Class Actions Focus on M&A, Internal Controls — WSJ Corruption Currents.
