Securities fraud class action lawsuit filings this year will be down 31 percent when compared to 2005, according to projections in a Stanford Law School study.
The report said that filings for the last six months have hit their lowest level for a six-month period since 1996.
The report, issued by the Stanford Law School Securities Class Action Clearinghouse in cooperation with Cornerstone Research, found that there were 61 securities fraud class actions filed from January through June.
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