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Securities

Jan. 7, 2010

Study: Investor Class Actions Dropped Off Last Year

Securities fraud class actions filings declined sharply as credit-crisis litigation dried up in 2009 according to a new study by Cornerstone Research and the Stanford University Law School Securities Class Action Clearinghouse.

By Gabe Friedman

Daily Journal Staff Writer

Securities fraud class actions filings declined sharply as credit-crisis litigation dried up in 2009 according to a new study by Cornerstone Research and the Stanford University Law School Securities Class Action Clearinghouse.

The drop-off may seem counter-intuitive because the stock market tanked at the beginning of 2009, and studies have tied securities class action filings to nega...

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