Securities
Aug. 29, 2006
9th Circuit Clarifies Liability Standards in Securities Fraud
FOCUS COLUMN - In 2005, the total value of all federal securities class settlements, excluding those for Enron, WorldCom and Cendant, was estimated by PricewaterhouseCoopers to be $7.6 billion.
Focus Column
By Thomas C. Klein
In 2005, the total value of all federal securities class settlements, excluding those for Enron, WorldCom and Cendant, was estimated by PricewaterhouseCoopers to be $7.6 billion. Including Enron, WorldCom and Cendant, the number ballooned to $17.9 billion. Many of these settlements involved contributions by the alleged wrongdoers' service providers, ...
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