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Number of Securities-Based Lawsuits Jumps, Liability Rates M

 

Wednesday, May 20,2009, 11:30:11 AM   Click:

A spike in the number of securities-based lawsuits filed during the first quarter of 2009 may be the leading edge of a wave of legal activity driven by the subprime crisis.

A quarterly review of securities litigation by Advisen tracked 169 securities cases for the first three months of the year, up from 125 cases in the fourth quarter of 2008 and from the 134 suits tracked a year earlier, in the first quarter of 2008

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