Securities Class Actions Up 31 Percent
NU Online News Service, March 13, 3:10 p.m.EST?Directors and officers liability insurers can nowpoint to reliable proof of what their claim files have been tellingthem for the past two years.
Federal securities class action litigation suits increased by 31percent between 2001 and 2002, rising from 171 to 224 filings,according to Stanford University's Securities Class ActionClearinghouse in Palo Alto, Calif.
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