A soaring number of wage-and-hour lawsuits eclipsed the number of federal securities class actions filed in 2007, according to separate sources.
o The Stanford Law School Class Action Clearinghouse reported that 176 federal securities fraud class actions were filed in 2007.
o Separately, Littler Mendelson, a national employment and labor law firm–in a report published in April 2008, “Total Wage and Hour Compliance: An initiative to end the Wage and Hour Class Action War”–reported that the number of wage-and-hour class actions filed in the federal courts more than doubled from 2001 to 2006.
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