Fewer lawsuits related to the global credit crisis contributed to the decrease in the number of federal securities class actions in the first half of this year, according to two separate studies.
A report by Stanford Law School and Cornerstone Research entitled “ Securities Class Action Filings – 2010 Mid-Year Assessment,” stated Wednesday that a total of 71 federal securities class actions were filed in the first six months of the year. That represents a 15.5% drop from the 84 filings in the first half of 2009, the report said. Only eight filings were related to the credit crisis.
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