Securities class action filings involving accounting fraud allegations jumped during 2011, following one of the steepest declines in recent years, according to a report by Cornerstone Research.
The increase in number — to 70 cases, from 46 during 2010 — was accompanied by a jump in the percentage of such case to 37 percent, from 26 percent in 2010, according to the organization.
via Spike in accounting fraud class actions attributed to reverse mergers — The National Law Journal
