Securities
Jan. 4, 2007
Securities Class Actions Drop in 2006
LOS ANGELES - Despite a raging stock-option scandal, a study released Tuesday reports that securities-fraud class actions filed in 2006 dropped to the lowest number since Congress passed significant tort-reform measures more than a decade ago.
Daily Journal Staff Writer
LOS ANGELES - Despite a raging stock-option scandal, a study released Tuesday reports that securities-fraud class actions filed in 2006 dropped to the lowest number since Congress passed significant tort-reform measures more than a decade ago.
The reason for the precipitous drop remains a subject of debate.
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