Litigation: Lawsuits are only thing “up” on Wall Street in past year

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.

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