The amounts claimed have fallen 45 per cent over the eight years from 2006 to 2014 - to a collective sum of US$57b last year. Only 11 companies in the S&P 500 were targeted in 2014, the lowest total since the research began in 2000.
Financial crisis
Jacob Zamansky, a New York plaintiff lawyer in securities class actions, said: 'The passage of financial crisis cases, and the bull market, have impacted the number and magnitude of cases. We will see plenty of fraud and misconduct by issuers and banks, which is keeping us busy.' Source: Reuters
Email your news and story ideas to: [email protected]
