fbpx
News
January 22, 2018

Abuse of the Telephone Consumer Protection Act Just Keeps Getting Worse

A NERA Economic Consulting report found “an explosion” of securities of securities lawsuits, which were filed at a “record pace” in 2017, reports D&O Diary.

The total of 432 securities suit filings in 2017 was the most in any year since 2001, and was 84 percent higher than the average of the past five years. Almost half (46 percent) of these lawsuits were merger objection suits. Given the high number of total filings, there was an 8.2 percent chance that a U.S.-listed company would be hit with a securities class action or merger objection lawsuit. There was a 5.7 percent chance of facing a securities lawsuit in 2016.

The growth of securities litigation combined with the decline in publicly traded companies may trigger a policy change. Bloomberg reported on Friday that the U.S. Securities and Exchange Commission may consider allowing some of these suits to go to arbitration. 

Letters, Comments, Petitions Coalition Letter on H.R. 963, the "FAIR Act" Arbitration Press Releases New Study: Consumers and Employees Win More Money, More Often, and More Quickly in Arbitration Than in Court Arbitration Arbitration Blog What is Arbitration? Arbitration Podcasts EPISODE 22: Summit XXI: New Day, New Tactics: The Plaintiffs’ Bar at Work Arbitration, Class Action Litigation, COVID-19 Liability, Third Party Litigation Funding (TPLF) Blog Claimant Win Rates in Consumer and Employment Arbitration: November 2021 Update Arbitration

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings