Verifiable Independence Through the Proactive and Uniform Application of Event Study Analysis

Our data and analyses indicate that in 2023, despite an unremarkable increase in filing frequency of private Rule 10b-5 securities fraud suits relative to the second half of 2022 - securities class action ("SCA") exposure and implied loss severity almost tripled.  Moreover, the difference in magnitude of fraud-on-the-market settlements during the salied period - tripled.

Exposure of U.S.-listed companies 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...

SAR, a data analytics company specialized in U.S. public company risk management solutions, is pleased to announce the closing of a capital investment in the Company led by institutional investor, Anthem Management ("Anthem").

Law360 (January 10, 2023, 5:13 PM EST) -- In 2023, as the Federal Reserve's strict anti-inflationary regime continues to shape America's capital markets, a high likelihood of an increase in frequency of securities class actions exists as global economic...

The decline of record market capitalizations, compounded by high litigation and securities class action exposure, leaves directors and officers insurance carriers and issuers facing economic contraction as companies grapple with the institutionalization...

Innovation in predictive data analytics of securities litigation enhances data-driven underwriting to deliver better risk transfer solutions to mitigate loss severity from adverse corporate events affecting issuers, directors, and officers.

Recent Ninth Circuit rulings show that Twitter is ill-suited for validating potential class action liability, as not only do corporate disclosure standards for social media disqualify the platform, but also potential claims of fraud on the market don't...

In 2021, directors and officers were exposed to potential liability on about 21% of private securities fraud suits that alleged fraud on the market based on research funded by activist short-sellers and their backers who aim to drive down the stock price...

Long-term profitability in the public company directors and officers ("D&O") industry will depend on effective securities class action ("SCA") loss mitigation due to three forces that are shaping the contours of the market. First, D&O profitability driven by...

Private enforcement of the federal securities laws is mission-critical to sustain the transparency of America's capital markets and uphold the rules of engagement between public corporations and shareholders that trust directors and officers...

In anticipation of a U.S. Supreme Court decision in Goldman Sachs Group, Inc. v. Arkansas Retirement System, tempered filing frequency and lower severity of fraud-on-the-market claims against directors, officers, and their respective U.S.-listed corporations led to...

In 2018, Columbia Law School professor John C. Coffee Jr. indicated that the "scope of 'event-driven' litigation could expand rapidly," which it has, and led to successful recoveries for public equity investors in BP PLC in 2017, Petrobras in 2018...

On September 25, 2019 District Judge Honorable Loretta A. Preska of the Southern District of New York dismissed the securities class action against the U.S.-listed Chinese company TAL Education Group because "there is no material...

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...

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...

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...

Amid increased scrutiny of corporate fiduciaries, identifying a company's high-risk adverse events from the past two years can help boards of directors quantify their potential securities class action exposure, says Nessim Mezrahi of SAR.

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...

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...

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...