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
