Securities Class Actions | SAR

THOUGHT LEADERSHIP

Recent Press Releases

"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.

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"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...

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"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.

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

July 24, 2019

he 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.

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"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.

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"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 1934take the “change in target companies’ market capitalization over the class period.

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"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.

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Recent Publications

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.

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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.

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

October 10th, 2019

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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.

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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.

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

October 8, 2019

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...

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justinsearl
- Aug 11, 2022

"Securities Class Period Selection Deserves Greater Scrutiny" Law360

Law360 (October 24, 2019, 4:17 PM EDT) --

Nessim Mezrahi

Undoubtedly, the first is the number of shares of common stock sold by participants in the market in response to an alleged corrective disclosure that is alleged to be related to a specific misstatement or omission disseminated by directors and officers.

The length of the class period not only affects the magnitude of potential aggregate damages, but is also a key factor affecting the selection of the proposed lead plaintiff that may represent a purported class of defrauded shareholders.

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

BETHESDA, Md., Oct. 10, 2019 /PRNewswire/ -- 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. According to a report released today by SAR, the Rule 10b-5 litigation rate against U.S. corporations listed on U.S. exchanges has remained steady throughout 2019. Continue Reading

justinsearl
- Aug 11, 2022

SAR Securities Exchange Act Class Action Litigation Exposure Report – 3Q 2019

43 U.S. corporations were sued for alleged violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 during 3Q’19.ii SCA litigation exposure for directors and officers of U.S. corporations to claims that allege violations of Rule 10b-5 under the Exchange Act amounts to $68.4 billion.iii Approximately $1.7 billion of market capitalization declines that have been claimed as investor losses by a proposed class of common stock shareholders exhibit an absence of stock price impact. Continue Reading