Securities Suits Abound in a Harsh 2009

An Advisen Quarterly Report - 2009 Review

Reflecting the general tenor of the first decade of the new Millennium, 2009 was a tumultuous year. From the depths of the Great Recession, to ballooning bailouts and a fictitious balloon boy, to the King of Pop's last moon-dance, to angry Tea Parties unfit for a queen, most feel happy to have left it behind. Securities litigation took a similar delirious path. Credit crisis-related suits continued to flood in during the first half of the year, while Madoff-related cases crested following their gushing start in December 2008. Litigators came out swinging in 2009 amidst scandal and regulatory crackdowns, as financial firms took it on the chin. The year saw securities lawsuit filings grow at a robust rate of 13 percent to 910 suits, eclipsing an already-elevated 2008 at 804 suits, which was up 33 percent from 2007.

For information or a list of the suits click here

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Advisen: Quarterly Securities Litigation Review Webinar (Q4 2009)

On Friday, January 22 at 11am EST, join a free one hour webinar, "Review of Securities Litigation 2009 and Expert Views for the Year Ahead." Our panelists are Oakbridge's Kevin LaCroix, Travelers's Mark Lamendola, Beecher Carlson's Jeff Lattmann, and Advisen's Dave Bradford. Advisen's Jim Blinn will moderate the panel and assure a lively discussion