While federal courts registered a record low number of stockholder suits last year, investors kept busy bringing securities actions at the state level, according to a PricewaterhouseCoopers study.
There is "no evidence of a downward trend in shareholder activism," wrote Grace Lamont, a PWC partner, in a preface to the report.
According to the firm's findings, federal securities litigation class-action filings in 2006 numbered 106, compared with 169 cases in 2005, and the 37 percent decrease was a 10-year record low.
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