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.
