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Researchers delivered good news to directors and officers liability insurers who cover defendants in securities lawsuits this year, revealing that the number of securities class actions plummeted in 2009, with one outfit putting the drop at over 20 percent.

The most recent of four reports to come out of the subject, however, revealed a surge in other types of securities actions last year–most notably lawsuits filed by regulators and law enforcement agencies alleging violations of securities fraud laws.

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