VERIFIABLE INDEPENDENCE THROUGH PROACTIVE AND UNIFORM

APPLICATION OF EVENT STUDY ANALYSIS 

PRESS RELEASES & NEWS

Global Corporate Exposure to Rule 10b-5 Securities Class Actions Amounts to $42.7 billion in 3Q 2021

October 8, 2021

Global exposure of U.S.-listed companies and their directors and officers to stock-drop securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, amounts to $42.7 billion in 3Q'21 - an increase of 13.3% relative to 2Q'21.

U.S. SCA Rule 10b-5 Exposure of U.S. issuers amounts to $38.5 billion in 3Q'21, an increase of 26.85% relative to 2Q'21. ADR SCA Rule 10b-5 Exposure of non-U.S. issuers that trade via American Depositary Receipts (ADRs) on U.S. exchanges amounts to $4.0 billion in 3Q'21, a material decrease of 43.98% relative to 2Q'21.

Global Corporate Exposure to Rule 10b-5 Securities Class Actions Amounts to $37.7 billion in 2Q 2021

July 9, 2021

Global exposure of publicly traded companies and their directors and officers to stock-drop securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, amounts to $37.7 billion in 2Q'21 - in line with $37.8 billion reported in 1Q'21. 

U.S. SCA Rule 10b-5 Exposure of U.S. issuers amounts to $30.5 billion in 2Q'21, a decline of 9.2% relative to 1Q'21. ADR SCA Rule 10b-5 Exposure of non-U.S. issuers that trade via American Depositary Receipts (ADRs) on U.S. exchanges amounts to $7.2 billion in 2Q'21, a material increase of 68.2% relative to 1Q'21.

SAR Launches Quarterly Rule 10b-5 Settlement Rates in Collaboration with ISS Securities Class Action Services (ISS SCAS)

May 7, 2021

SAR, an industry pioneer in the development of independent securities class action data analytics, today announced the launch of SAR Rule 10b-5 Settlement Rates that leverage the accurate settlement reporting and claim recovery services of ISS Securities Class Action Services (ISS SCAS). 

SAR's Rule 10b-5 Settlement Rates are updated and published on a quarterly basis to enhance claim valuation transparency on filed securities class actions that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder. SAR's independently quantified securities class action settlement rates support key industry stakeholders with the evaluation of potential settlement value throughout the lifecycle of a securities class action.  

Global Corporate Exposure to Rule 10b-5 Securities Class Actions Amounts to $37.8 billion in 1Q 2021

April 9, 2021

Global exposure of publicly traded companies to stock-drop securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, amounts to $37.8 billion in 1Q'21 - a decline of 78.8% relative to 4Q'20.

U.S. SCA Rule 10b-5 Exposure of U.S. Issuers amounts to $33.6 billion in 1Q'21, a material decline of 65.7% relative to 4Q'20. ADR Rule 10b-5 Exposure of non-U.S. issuers that trade via American Depositary Receipts (ADRs) on U.S. Exchanges amounts to $4.3 billion in 1Q'21, a material decline of 94.6% relative to 4Q'20.

Global Corporate Exposure to Stock Drop Securities Class Actions Amounts to $177.1 billion in 4Q and $438.5 billion in 2020

January 8, 2021

Exposure of directors and officers to stock-drop securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, amounts to $177.1 billion in 4Q'20. 

U.S. SCA Rule 10b-5 Exposure of U.S. issuers amounts to $97.8 billion in 4Q'20, a slight decrease of 4% relative to 3Q'20. ADR SCA Rule 10b-5 Exposure of non-U.S. issuers that trade via American Depository Receipts (ADRs) on U.S. exchanges amounts to $79.3 billion in 4Q'20, an increase of 153% relative to 3Q'20.

Global Corporate Exposure to Stock Drop Securities Class Actions Amounts to $133.2 billion in 3Q 2020

October 9, 2020

Exposure of directors and officers of U.S. issuers and non-U.S. issuers to stock-drop securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, amounts to $133.2 billion in 3Q'20.

Global Corporate Exposure to Stock Drop Securities Class Actions Amounts to $53.1 billion in 2Q 2020

July 10, 2020

Exposure of directors and officers of U.S. issuers and non-U.S. issuers to stock-drop securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, amounts to $53.1 billion in 2Q'20. 

Global Corporate Exposure to Alleged Violations of Rule 10b-5 under the Exchange Act Amounts to $75.2 billion in 1Q 2020

April 10, 2020

Global exposure of U.S. issuers and non-U.S. issuers to securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, amounts to $75.19 billion in 1Q'20.

U.S. Corporate Exposure to Alleged Violations of the Securities Exchange Act Amounts to $50.9 billion in 4Q 2019 and $321.1 billion in 2019

January 10, 2020

Aggregate exposure of U.S. public corporations to securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Exchange Act amounts to $50.9 billion during 4Q of 2019.

SAR Closes on $1 Million In Seed Funding, Grows Leadership Team, and Expands SCA Data Analytics Coverage

November 26, 2019

SAR, LLC (SAR), a securities class action (SCA) data analytics software company, has closed on its final seed round, raising a total of $1 million in seed capital from a group of angel investors.  SAR is an independent and highly specialized provider of SCA data analytics services. 

U.S. Corporate Exposure to Alleged Violations of the Securities Exchange Act Amounts to $68.4 billion in 3Q 2019

October 10th, 2019

Aggregate exposure of U.S. public corporations to securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Exchange Act amounted to $68.4 billion during 3Q of 2019. Cumulative SCA Exchange Act exposure for 2019 amounts to $270.1 billion.

U.S. Corporate Exposure to Alleged Violations of the Securities Exchange Act Amounts to $135.1 billion in 2Q 2019

July 10, 2019

Aggregate exposure of U.S. public corporations to securities class action (SCA) lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act amounted to $135.1 billion during the second quarter of 2019.

Corporate Exposure to Alleged Violations of the Securities Exchange Act Amounts to $68.1 billion in 1Q 2019

April 10, 2019

Aggregate exposure of U.S. public corporations to securities class action lawsuits that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act was $68.1 billion during the first quarter of 2019.