OUR VERIFIABLE INDEPENDENCE THROUGH UNIFORM RELIANCE ON EVENT STUDY ANALYSIS ENHANCES TRANSPARENCY IN THE

SECURITIES CLASS ACTION ARENA

Publications

"Funder, Short-Seller Use Undermines Securities Class Actions" Law360

August 24, 2020

Two factors in the securities class action arena are exacerbating the potential for conflicts of interest: the use of and reliance on activist short-seller reports as a basis to initiate securities class action claims, and privileged third-party litigation funding agreements. These two seemingly distinct factors are related due to their potential to breed systemic conflicts of interest that inhibit the effective private enforcement of our federal securities laws if they are left to proliferate without warranted judicial scrutiny.

"Fed. Courts Are Best Regulator Of Securities Class Actions" Law360

June 29, 2020

In their working legal paper, law professors Jill E. Fisch and Jonah B. Gelbach posit: "Federal judges are poorly positioned to weigh the policy considerations reflected by the tradeoff between confidence level and power" in single-firm event studies that are used and relied upon to evaluate...

"First-Quarter Securities Class Actions Respond To Outbreak" Law360

April 10, 2020

Transparency is paramount in the securities class action arena. Directors and officers, as well as institutional investors, rely on the rule of law and the duty of candor of their lawyers to seek and attain justice through the judiciary process. 

"Assessing Securities Class Action Risk With Event Analysis" Law360

January 22, 2020

According to a recent article in the Harvard Law School Forum on Corporate Governance, the board of directors of a U.S. publicly traded corporation "has a fiduciary duty to promote the best interests of the corporation, and in fulfilling that duty, directors must exercise their business judgment...

"Securities Class Period Selection Deserves Greater Scrutiny" Law360

October 24, 2019

The class period interval in 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 is the second most fundamental determinant of the magnitude of potential aggregate — or classwide — damages.

"Time To Resolve Post-Cyan Securities Class Action Confusion" Law360

July 24, 2019

The Supreme Court decision in Cyan Inc. v. Beaver County Employees Retirement Fund “swings the doors of state courts wide open to actions asserting ’33 Act claims against issuers, officers, directors, underwriters, and others involved in the securities offering process.

"An Analytical Approach To Defending Securities Class Claims" Law360

June 20, 2019

Since the event-driven securities class action lawsuit against PG&E Corporation was filed one year ago, plaintiffs counsel have filed 211 securities class action complaints that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 against U.S.-based public corporations.

"Exposure To Market Fraud Suits Is Not A Major Risk" Law360

February 21, 2019

Crude measures of exposure to securities class actions that allege violations of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 take the “change in target companies’ market capitalization over the class period.

"Monitoring Corrective Disclosures To Protect Investors" Law360

February 4, 2019

Event-driven securities class actions are an evolving class action mechanism employed by securities class action counsel to protect all investors that buy and sell publicly traded securities on U.S. exchanges.

Press Releases

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.

SAR, LLC Launches New Data Analytics Software Platforms for Lawyers and Insurance Carriers in Securities Class Action Litigation

October 8, 2018

SAR, LLC (SAR), a software, technology, and data analytics company, today announced the launch of two distinct new SaaS platforms for securities class action litigation. The platforms allow securities class action attorneys, D&O insurance carriers, alternative dispute resolution...

©  SAR, LLC. 2020

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