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/PRNewswire/ -- Global exposure of U.S.-listed companies and their directors and officers to stock-drop securities class action (SCA) lawsuits that allege...
Ninth Circuit remands price fixing class action for consideration of evidence that more than a de minimis portion of class members was not injured. District court in D.C. Circuit rules that CAFA jurisdiction is improper unless the complaint itself invokes the class action rule or mechanism.
U.S. SCA Rule 10b-5 Litigation Rate declined by 3 basis points to 0.94% in 1Q'21. In 1Q'21 the ADR SCA Rule 10b-5 Exposure Rate of non-U.S. issuers fell to 0.01% from 0.27% in 4Q'20. The ADR SCA Rule 10b-5 Litigation Rate decreased by 15 basis points to 0.20%. "Record-breaking U.S. equity markets combined with focused judicial scrutiny of securities class actions filed in federal courts led to a material decline in Rule 10b-5 exposure this past quarter," said Nessim Mezrahi, CEO of SAR. 1Q 2021 Securities Class Action Landscape: 34 U.S. issuers were sued for alleged violations of Rul...