But after 12 months, only about 25 proposed securities class actions tied to the pandemic remain active in federal courts, according to an analysis by Law360. Six of those have come in 2021, suggesting that the flow of such cases may continue, but not at the level some may have anticipated early on.
“My sense is that it is probably going to be a trickle rather than a huge wave,” said Sasha Aganin, senior vice president at litigation consulting firm Cornerstone Research.
‘Enforcement 40’ for 2020
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