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.[1] During the preceding 12 months, 59 of the 211 class action complaints that allege violations of Rule 10b-5 have been filed against a defendant company that had already been sued for similar allegations of fraud on the market. Continue Reading
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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.
"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
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.
"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 1934take the “change in target companies’ market capitalization over the class period.
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.
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.
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.
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...
44 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 the first quarter of 2019.i The corporations’ securities class action litigation exposure to claims alleging violations of Rule 10b-5 was $68.1 billion.ii A public corporation’s exposure to alleged violations of Rule 10b-5 is estimated by tracking the cumulative decline in market capitalization during open market trading sessions that correspond with the timing Continue Reading
Public corporations’ securities class action litigation exposure to claims alleging violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 was $80.5 billion and $91.6 billion during the third and fourth quarters of 2018, respectively.i Exposure to alleged violations of the Exchange Act is estimated by tracking the cumulative decline in market capitalization on stock price declines that correspond to alleged corrective disclosures.ii During the third and fourth quarters of 2018, SAR accounted for 32 and 39 filed Continue Reading
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