Securities Class-Action Suits Up Slightly In 2013
Professor Joseph Grundfest weighs in on the nature of large class-action lawsuits for The New York Times.
More class-action lawsuits were filed against public companies in 2013 than in the previous year, but the filers were seeking billions less in damages than they have on average.
Angry investors filed more federal class-action securities lawsuits last year than in 2012. But investors have been angrier.
”In a rising market, you simply don’t have losses that are as large,” said Joe Grundfest, a professor at Stanford Law School.