July 31: Operational Risk - Subprime, Auction-Rate Securities Cases Driving Shareholder Class Action Filings Toward Highest Level since 2002, while Settlement Values Remain Steady
Location: New York
Author:
Date: Thursday, July 31, 2008
Driven in large part by the current subprime and credit crisis, shareholder class action filings continued to increase in the first half of 2008. Filings are on pace to reach almost 280 by year’s end, which would represent a 42% increase over 2007 and the largest annual total since 2002; at that rate filings will have more than doubled in just two years, from their recent low of 131 in 2006.
Please note that this story is RiskCenter's Library Content. You can buy this single article or, for even greater value, you can purchase this article as part of a Subscription Account. You'll then have the opportunity to buy additional articles now or in the future at significant savings! See Discount Notice below for details.
Source: RiskCenter's Library
Price: $3.95 (If you have purchased this article before, you will not be charged again)
Our members rated this article: 4.00
Click here to purchase this Library Content article through FIRSTGATE click&buy.
Discount Notice: You can also create a Subscription Account, to purchase this and future Premium articles on RiskCenter, for a 15% discount:
Create $100 Subscription Account |
Create $250 Subscription Account
Create $500 Subscription Account |
Create $1000 Subscription Account
