The new Institute paper to which I linked above begins by recapping and updating the prior paper’s observations about the current alarming trends concerning U.S. securities class action litigation. The paper reviews and further details two specific current securities litigation trends — the flood of federal court merger objection litigation and rise of event-driven securities litigation. The new paper also details what it calls “the Cyan effect” – that is, the rise of state court securities class action litigation under the ’33 Act in the wake of the U.S. Supreme Court’s March 2018 decision in Cyan, Inc. v. Beaver County Employees Retirement Fund.
In addition to these trends regarding securities class action litigation filings, the paper also details recent developments that the paper says “highlight the need to curb the plaintiffs’ bar’s ongoing abusive litigation practices.”
via U.S. Securities Class Action Litigation: Alarm Bells and Reform Proposals | The D&O Diary.
