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.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.