Lawsuits Piling Up Over Fifth Third's Stock, Finances
Stanford Law School's Securities Class Action Clearinghouse is referenced in a Cincinnati Business Courier story about recent increased securities class action filings:
According to the Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research, 110 federal securities class actions were filed in the first half of 2008, up from 66 in the first half of 2007. That continued a surge in filings that began with 107 in the second half of 2007, fueled by lawsuits related to the recent credit crunch and subprime mortgage defaults. Credit-crunch-related filings, including those against numerous banks, accounted for 58 of the 110 lawsuits in the first half of 2008.