DRI’s For the Defense Magazine, March 2003
Not surprisingly, securities class action litigation is on the rise in the United States. Research from the Administrative Office of the United States Courts indicates that overall securities class action filings more than doubled from 2000 to 2001. A Stanford Law School report last year indicated that 2001 also saw a loss of more than $2 trillion in market capitalization by the companies sued in securities fraud class actions during that year, representing a 150 percent increase from the market capitalization loss for the compaies sued during the prior year.
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