NU Online News Service, July 27, 3:41 p.m. EDT
The pace of federal securities class action filings was slower in the 2010 first half than in 2009, with filings on track to decline for a second consecutive year, an economic consulting firm said.
A new biannual trends report by NERA Economic Consulting--called "Trends 2010 Mid-Year Study" (http://www.nera.com/nera-files/PUB_Mid_Year_Trends_0710.pdf)--found that if the pace of filings to date continues, there will be a total of 202 federal securities class actions filed in 2010, down from 221 filings in 2009 and 248 filings in 2008.
There were 101 securities class actions fillings from January to June this year.
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