Corporate America, brace yourself: The unending fallout of the global financial crisis continues to drive a wide range of complicated and highly aggressive securities litigation. Worse yet, filing activity shows no signs of slowing down.
According to a recent report by NERA Economic Consulting, litigation related to the credit crisis-related skyrocketed from 69 cases in 2007 to 188 cases in 2008, a jump of 172 percent. Another 46 such cases were filed in the first quarter of 2009 alone.
Those numbers are “only to be expected given the market dislocations we’ve had over the last 18 months or so,” says Steven ...