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Stanford Law School Securities Class Action Clearinghouse a Collaboration with Cornerstone Research
 

 
  • FEDERAL SECURITIES CLASS ACTION CASES | LAST FIVE YEARS

    Click Here to See All Filings by Year

 
  • SECURITIES CLASS ACTION FILINGS
    2020 Year in Review

    The report found that plaintiffs filed 334 new securities class action cases in federal and state courts in 2020, compared to a record 427 filings in 2019. There were 234 core filings—those excluding M&A activity—down 12% from 2019 levels. Federal M&A filings fell 38% from the previous year. Declines in state court filings and filings related to M&A contributed to a 22% decrease in the number of securities class actions filed in 2020. Plaintiffs filed complaints against fewer than 400 issuers for the first time since 2016.
    Press Release · Full Report

  • SECURITIES CLASS ACTION FILINGS
    2020 Midyear Assessment

    The report found that the number of filings remained higher than the historical average, but was 18% lower than in the second half of 2019 and the lowest level since the second half of 2016. The filing slowdown affected both core and M&A filings, which declined by 13% and 25%, respectively.
    Press Release · Full Report

  • TECH COMPANY SECURITIES CLASS ACTION FILINGS AND SETTLEMENTS
    2015–Q1 2020 Review and Analysis

    The report found that the number of filings against tech companies increased to a record 85 new cases in 2019 from 55 the year before. Companies in the Internet and Software subsectors were targeted in 66% of 2019 cases. Tech company cases in both federal and state courts have boomed over the last four years, accounting for 20% of total securities class action filings.
    Press Release · Full Report

News & Blogs Excerpts

   Headlines decisions, blogs, analysis
   Settlements on federal securities class actions
  1. Baxter International Inc. Settlement
  2. Universal Health Services, Inc. ) ($18M) Settlement
  3. PG&E Corporation ) ($10M) Settlement
  4. SAExploration Holdings, Inc. ) ($4M) Settlement
  5. Spectrum Brands Legacy, Inc. (f/k/a Spectrum Brands Holdings, Inc.) ) ($39M) Settlement