Tallying Up the Securities Class Action Trials
We have updated (again) our presentation detailing the 19 securities class action cases that have gone to trial since 1996.
The cases fall into three categories:
1.Securities Class Action Trials Based on Post-Reform Act Conduct Resulting in a Verdict at Trial (five)
2. Securities Class Action Trials Based on Post-PSLRA Conduct Resulting in a Settlement or Summary or Default Judgment During Trial (seven)
3. Securities Class Action Trials Based on Pre-PSLRA Conduct Resulting in a Verdict at Trial (six)
Note that we have not yet added the Apollo Group case to the presentation, but will do so when it fits into one of our three categories.
Thanks to Jay Eng of Berman DeValerio Pease Tabacco Burt & Pucillo for reminding us of the Heartland High-Yield Fund trial from 2005.
As always, readers are encouraged to send in any updates, additions, or corrections.
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