NU Online News Service, Jan. 23, 2:50 p.m. EST
Securities class-action lawsuits edged up slightly in 2011, primarily driven by mergers and acquisition filers, however the total number of actions remained below average for the third year in a row, according to aStanfordLawSchoolreport.
The "Securities Class Action Filings—2011 Year in Review," prepared by Stanford Law School Securities Class Action Clearinghouse along with Cornerstone Research, says there were a total of 188 federal securities class actions filed in last year. This was up from 2010 when there were 176 filings. In 2009, there were 167 filings.
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