The worst bear market since the 1930s has left investors wanting to see Wall Street pay. Investors filed 210 federal securities class-action lawsuits in 2008, up 19% from 176 in 2007, according to Stanford Law School’s Securities Class Action Clearinghouse (SCAC) and Cornerstone Research. Plaintiffs claim they’ve been wronged out of up to $856 billion, up 27% from 2007 and the highest in six years.
Filed under: Law department management, legal fees, Litigation management, metrics, Securities Fraud | Tagged: class actions, Litigation management, Securities Fraud |
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