Securities class action lawsuits have a better chance of going the distance with judges when they are led by institutional investors, a study has found.
Between 1996 and 2010, judges dismissed 35% of cases led or co-led by an institutional investor, and 42% that weren’t. Stanford University’s law school and New York-based Cornerstone Research collaborated on the data as part of their Securities Class Action Clearinghouse project.
via Institutional-Grade Lawsuits: Fewer Dismissals, Larger Settlements — Asset International
