Securities Class Actions Show No Signs of Slowing in 2024Key PointsWhile the volume of securities class actions filings has remained consistently elevated over the past several years, the composition of the class actions has changed. Plaintiffs asserted securities class actions at elevated levels in 2023 — a sign that filings will remain high in the year ahead. What the filing data suggests is that the securities plaintiffs bar has proven adept at shifting theories and areas of focus when circumstances warrant. And although the theories might change, the end result will be the same: numerous newly filed securities class actions targeting public companies. The plaintiffs alleged that these materials showed that the Fund was performing positively and meeting expectations.

Source: Wall Street Journal February 27, 2024 21:27 UTC