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US securities lawsuits up 13% in 2009

21 January 2010

Economic turmoil drove a surge in securities lawsuit filings in 2009, according to a new report from Advisen.

Read more: securities lawsuit advisen class actions madoff

Economic turmoil drove a surge in securities lawsuit filings in 2009, according to a new report from Advisen. The year saw securities lawsuit filings grow at 13% to 910 suits, up from 804.

The number of securities class action suits filed was almost unchanged, with 234 suits filed in 2009 compared...


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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield