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Download Securities Class Action Trends Reports

NERA has been analyzing trends in shareholder class actions for more than 15 years. Two reports analyzing US trends are published each year: one at mid-year and a second, annual review published at year end. We are also studying litigation trends around the world, as the below reports on Japan and Canada illustrate.

Current Reports

The credit crisis and related financial sector turmoil continued to fuel new federal securities class action filings in 2009, though the pace of these credit crisis cases slowed in the second-half of the year, according to this newly released edition of NERA's semi-annual study. The latest edition, Recent Trends in Securities Class Action Litigation: 2009 Year End Update, shows that securities class action filings are expected to reach 235 cases in 2009, down from 253 filings in 2008. While filings may have declined year-over-year in 2009, they still greatly exceed the 130 filings in 2006, before the start of the credit crisis. Co-authored by Senior Consultant Dr. Stephanie Plancich and Senior Consultant Svetlana Starykh, the study draws from more than 15 years of NERA research on case filings and settlements in securities class actions, and includes data on filings and dismissals through 30 November 2009, and settlements through 31 December 2009.
 
Securities class action filings in Australia set a new record in 2009, according to a new NERA study that examines for the first time trends in Australian securities class actions. A key factor in the recent increase in securities class action filings has been a change in the way securities class action litigation is funded in Australia, as the emergence of commercial litigation funding has improved the incentive and ability for investors to participate in class actions. The study, Trends in Australian Securities Class Actions: 1 January 1993 -- 31 December 2009, is co-authored by Director Greg Houston, Senior Consultant Svetlana Starykh, Analyst Astrid Dahl, and former NERA Analyst Shane Anderson.
 
We invite you to browse through the archived reports below. In addition, you can always find the latest report on NERA's global website at www.nera.com/recenttrends.
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Archived Reports

Trends in Securities Class Actions Litigation: 2009 Mid-Year Update
By Dr. Stephanie Plancich and Svetlana Starykh
27 July 2009

Trends in Securities Litigation in Japan: 1998-2008
By Makoto Ikeya and Satoru Kishitani
15 July 2009

Trends in Canadian Securities Class Actions: 1997-2008, Canada Strikes its Own Course
By Mark L. Berenblut, Bradley A. Heys, and Svetlana Starykh
30 January 2009

2008 Trends in Securities Class Actions: Annual Filings Are at the Highest Level in Six Years, Driven by the Credit Crisis, While Median Settlement Values Stay Steady
By Dr. Stephanie Plancich and Svetlana Starykh
18 December 2008

2008 Trends: Subprime and Auction-Rate Cases Continue to Drive Filings, and Large Settlements Keep Averages High
By Dr. Stephanie Plancich and Svetlana Starykh
29 July 2008

Recent Trends in Shareholder Class Actions: Filings Return to 2005 Levels as Subprime Cases Take Off; Average Settlements Hit New High
By Dr. Stephanie Plancich and Svetlana Starykh with former NERA Consultant Brian Saxton
21 December 2007

Recent Trends in Shareholder Class Action Litigation: Filings Stay Low and Average Settlements Stay High -- But Are These Trends Reversing?
By Todd Foster, Dr. Ronald I. Miller, Dr. Stephanie Plancich, and Svetlana Starykh with former NERA Consultant Brian Saxton
13 September 2007

Recent Trends in Shareholder Class Action Litigation: Filings Plummet, Settlements Soar
By Todd Foster, Dr. Ronald I. Miller, and Dr. Stephanie Plancich
2 January 2007
 
Recent Trends in Shareholder Class Action Litigation: Beyond the Mega-Settlements, is Stabilization Ahead?
By Dr. Ronald I. Miller, Todd Foster, and Dr. Elaine Buckberg
20 April 2006

For additional archived reports, please contact Jake George at Jake.George@nera.com