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NERA Reports on 2010 Class-Action Trends

Melissa Klein Aguilar | December 20, 2010

The expected post-Morrison decline in federal securities class-action filings hasn't yet materialized. Thanks to a second half jolt, the pace of U.S. filings is on track to exceed last year's total, according to the latest study by NERA Economic Consulting.

Following a slowdown during the first half of the year, NERA projects federal securities class-action filings will reach 239 cases by year's end, well above the 220 class-action cases filed in 2009, according to the firm's 2010 Year-End Update. The report is based on filings and dismissals through Nov. 30 and settlements through Dec. 31.

The rate of class-actions filings stemming from the global credit crisis continues to fall. Only 31 such cases had been filed through the end of November, compared to 57 in 2009 and 103 in 2008.

Those cases have been offset by a resurgence in other...

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