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July 9, 2018

Securities Lawsuits Filed at a “Torrid Pace” in Year’s First Half

The number of securities lawsuit filings in the first six months of 2018 project a year-end total that would more than double the annual average between 1996 and 2016, according to D&O Diary’s Kevin LaCroix.

There were 204 securities lawsuits filed in the first half of this year, which projects a year-end total of 408 filings. Though this would be slightly under last year’s total of 412, it is more than double the annual average between 1996 and 2016, which is 193 (this includes all types of securities suits). LaCroix notes that over 40 percent of these filings were merger objection lawsuits. The 121 traditional securities class action lawsuits that were filed in the first half of the year are on pace to beat the annual average alone.

At the end of his analysis, LaCroix says that data shows “the chance of an individual listed company experiencing a securities class action is significantly elevated compared to long-term historical norms.”

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