Tallying Up the Federal Securities Class Action Trials - UPDATED
With the Apollo Group verdict now in, 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 (six)
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)
As always, readers are encouraged to send in any updates, additions, or corrections.
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The $277.5 million jury verdict in the Apollo Group securities lawsuit caused a great sensation at the time it was returned in January 2008 (as discussed here). The verdict heartened plaintiffs’ attorneys and it served as a counterweight to the... [Read More]
Tracked on August 5, 2008 10:42 AM