According to a recent study conducted by PricewaterhouseCoopers, shareholder litigation against foreign companies is on the rise this year. But experts note the numbers are low, and that they may actually decrease over the long term.
The study compared the 15 class actions filed against foreign registrants in all of 2003 with the 21 through Sept. 15, 2004. The study notes that the 2004 number is “likely to eclipse the previous high of 23 foreign companies” that were sued in 2002.
