Federal securities class action suits continue to decline, PwC says

09/13/2010 | PropertyCasualty360

There were 70 federal securities class action lawsuits filed in the first half of 2010, a 4% decrease compared with the same period last year, according to PricewaterhouseCoopers. The firm noted that such suits have become less common since the financial crisis of 2008. "If filings continue at a similar rate, approximately 140 federal securities class actions will be filed by year-end compared to a total of 155 filings made in 2009, reflecting a decline of 10 percent," the firm said.

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