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Securities Class Action (SCA) Rule 10b-5 Exposure Report – 1Q 2020

41 public corporations that issue common stock on U.S. Exchanges (“U.S. issuers”) 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 1Q’20.ii U.S. SCA Rule 10b-5 Exposure of directors and officers of U.S. issuers to claims that allege violations of Rule 10b-5 under the Exchange Act amounts to $63.5 billion.iii Approximately $6.8 billion of alleged shareholder losses (claimed market capitalization losses) do not exhibit indirect stock price impact. Without discounting the effects of stock price impact, aggregate alleged shareholder losses in 1Q’20 amount to $70.3 billion. Continue Reading

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