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Browse: Home / 2012 / June / 27 / Spike in accounting fraud class actions attributed to reverse mergers

Spike in accounting fraud class actions attributed to reverse mergers

By Securities Docket on June 27, 2012, 3:50 pm

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

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Posted in Class Actions, Top | Tagged Accounting, Financial Fraud, Reports

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