August 1, 2022

Securities Class Actions Hold Steady in First Half of 2022

Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse recently published their latest report, Securities Class Action Filings—2022 Midyear Assessment. The report finds that the number of securities class-action filings remains steady in the first half of 2022, with plaintiffs filing 110 new securities class-action lawsuits in federal and state courts in the first half of 2022, which is on par with the 107 cases filed in the second half of 2021.

The report notes that new SPAC cases continue to be a dominant trend, with the 18 SPAC filings in the first half of 2022 indicating a pace that could exceed 2021’s all-time high of 33 filings. Cryptocurrency-related filings are also on pace to reach an all-time high.

– Dave Lynn