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SECURITIES CLASS ACTION FILINGS 2021 Midyear Assessment Number of Securities Class Action Filings Falls to Lowest Level Since 2015. SPAC-related filings increase sharply in first half of 2021.
The report found that the decline in filing activity was largely driven by a 66% drop in filings related to mergers and acquisitions compared to the second half of 2020. Of the 112 filings in the first half of 2021, only 12 were M&A filings. Federal and state court class actions alleging claims under the Securities Act of 1933 also declined, continuing the trend observed in 2020.
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ACCOUNTING CLASS ACTION FILINGS AND SETTLEMENTS 2020 Review and Analysis The number of securities class action filings involving accounting allegations increased for the third consecutive year.
The report found that accounting allegations continue to have a substantial impact on securities class actions. Accounting allegations were present in more than 30% of all federal securities class action filings, and accounting cases made up 84% of total settlement dollars in 2020.
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