Securities Class Action Filing Activity Increased Slightly in 2023, Reversing Recent Years' Declines
MENLO PARK, Calif., Jan. 31, 2024 /PRNewswire-PRWeb/ -- The number of securities class action lawsuits increased slightly in 2023, reversing the trend of decline over the last three consecutive years, according to a report released today by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse.
- MENLO PARK, Calif., Jan. 31, 2024 /PRNewswire-PRWeb/ -- The number of securities class action lawsuits increased slightly in 2023, reversing the trend of decline over the last three consecutive years, according to a report released today by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse .
- The report, Securities Class Action Filings—2023 Year in Review , found that plaintiffs filed 215 securities class action lawsuits in federal and state courts in 2023, up slightly from 208 filings in 2022.
- The number of "core" filings—those excluding M&A filings—also increased slightly from the previous year.
- Conversely, the aggregate filing size as measured by Maximum Dollar Loss (MDL) increased to $3.2 trillion, the second-highest amount on record.