Insights & News
November 13, 2023
September 23, 2024
PR Newswire | SAR Grows Executive Team, Publishes U.S. Securities Litigation Risk Report, and Launches ACE Alert Subscription
SAR, a data analytics company specialized in the securities litigation risk of public companies, announces the appointment of Anthony Kabanek to Executive Vice President and welcomes him as a member of the...
November 13, 2023
July 17, 2024
The D&O Diary | Guest Post: Securities Litigation Exposure Increases During Bull Stock Market
In the following guest post, Nessim Mezrahi reviews the ways in which the current surging stock market affects the potential exposures of publicly traded companies and the implications for the D&O insurance...
November 13, 2023
July 15, 2024
Law.com | Report: Securities Fraud Losses Claimed Balloon in First Half of 2024
The report from securities litigation data analytics company SAR attributes the rise not to a greater number of SEC Rule 10b-5 complaints being filed in the federal courts, but to drops in stock prices growing larger.
November 13, 2023
July 10, 2024
PR Newswire | Securities Litigation Exposure Increases During Record-Breaking Stock Market
SAR, a data analytics company specializing in securities litigation risk management solutions, today published the SCA Rule 10b-5 Exposure Report for 2Q 2024. According to the report, in 2024 investor...
November 13, 2023
January 10, 2024
Law360 | Conflicts Abound When Activist Short-Sellers Publish Reports
Activist short-sellers often impugn targeted issuers for their own pecuniary gain. They are remarkably proactive and solely responsible for deciding when to publish and what to disseminate to drive down a target...
November 13, 2023
January 10, 2024
PR Newswire | Rule 10b-5 Securities-Fraud Litigation Exposure Stabilized in 2023
SAR, a data analytics company specializing in public D&O, today published the SCA Rule 10b-5 Exposure Report for 4Q 2023. According to the report, exposure of U.S. and non-U.S. issuers to Rule 10b-5 private securities...
October 10, 2023
October 10, 2023
PR Newswire | U.S. Software Companies Impacted Most by Potential Losses from Active Securities Class Actions
SAR, a data analytics company specializing in D&O risk exposures, published the 5th anniversary edition of their Securities Class Action Rule 10b-5 Exposure Report. According to the report, the Software, F.I.R.E...
July 13, 2023
July 13, 2023
The D&O Diary | Guest Post: 2023 Market Dynamics Testing D&O Rate Adequacy and Coverage Sufficiency
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")...
July 10, 2023
July 10, 2023
PR Newswire | Securities Class Action Exposure in 2023 Almost Triples the Amount Exhibited During 2H 2022
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...
May 2, 2023
May 2, 2023
PR Newswire | SAR Closes on Capital Raise and Formalizes Board of Directors
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...
January 10, 2023
January 10, 2023
Law360 | Securities Class Actions May Spur IPO Investigations In 2023
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...
October 10, 2022
October 10, 2022
Law360 | D&O Insurer Challenges Amid Market, Economic Turbulence
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...
July 8, 2022
July 8, 2022
PLUS Blog | Predictive Analytics of SCA Loss Severity - A Competitive Advantage in an Event-Driven Litigation Environment
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...
April 6, 2022
April 6, 2022
Law360 | Why Tweets May Not Validate Securities Class Action Liability
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...
January 10, 2022
January 10, 2022
Law360 | More Securities Class Actions May Rely on Short-Seller Data
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...
November 3, 2021
November 3, 2021
PLUS Blog | SCA Loss Mitigation is Critical for D&O Profitability
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...
July 9, 2021
July 9, 2021
Law360 | Q2 Stock Drop Stats Buoy High Court's Goldman Ruling
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...
April 9, 2021
April 9, 2021
Law360 | 3 Reasons Securities Fraud Litigation Exposure Fell in Q1
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...
January 8, 2021
January 8, 2021
Law360 | Limiting The Severity Of Deficient Securities Fraud Claims
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...
December 3, 2020
December 3, 2020
The D&O Diary | Guest Post: Second Circuit Ruling Exposes D&Os to Exchange Act Claims Based on Biased Short-Seller Research
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...
August 24, 2020
August 24, 2020
Law360 - Opinion | Funder, Short-Seller Use Undermines Securities Class Actions
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...
June 19, 2020
June 19, 2020
Law360 - Opinion | Fed. Courts Are Best Regulator Of Securities Class Actions
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...
April 10, 2020
April 10, 2020
Law360 | First-Quarter Securities Class Actions Respond To Outbreak
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...
January 22, 2020
January 22, 2020
Law360 | Assessing Securities Class Action Risk With Event Analysis
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...
October 24, 2019
October 24, 2019
Law360 - Opinion | Securities Class Period Selection Deserves Greater Scrutiny
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...
July 24, 2019
July 24, 2019
Law360 - Opinion | Time To Resolve Post-Cyan Securities Class Action Confusion
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...
June 20, 2019
June 20, 2019
Law360 | An Analytical Approach To Defending Securities Class Action Claims
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...