{"id":5143,"date":"2011-04-23T00:00:00","date_gmt":"2011-04-23T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2011\/04\/securities_lawsuits_expected_t"},"modified":"2022-04-04T13:16:18","modified_gmt":"2022-04-04T18:16:18","slug":"securities-lawsuits-expected-t","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-lawsuits-expected-t\/","title":{"rendered":"Securities Lawsuits Expected to Reach Record High in \u201911, Says Advisen Ltd. Report"},"content":{"rendered":"<p>Per Advisen Ltd\u2019s latest quarterly report on securities litigation, the number of <a href=\"https:\/\/www.investorlawyers.com\/\">securities lawsuit<\/a> filings will likely set a new record high for yet another year in a row. Records were set in 2008, 2009, and 2010 following the credit crisis. Advisen\u2019s quarterly report was sponsored by ACE.<\/p>\n<p>John Molka III , the report\u2019s author, says that even with the credit crisis has eased up, the submission of securities lawsuits has not. 1,293 securities lawsuits were filed in 2010. Now, Advisen is saying that based on the number of securities complaints filed during the first quarter of 2011, you can expect the number of lawsuits for this year to beat that number. Molka speculates that this \u201celevated level of filings\u201d could be the \u201cnew normal.\u201d<\/p>\n<p>During Q1 2011, 362 securities lawsuits were filed\u2014a 47% jump from the number of complaints that were submitted in Q1 2010. Compare this first quarter to last year\u2019s last quarter when 342 securities complaints were filed. Also, with 1,448 new filings as this year\u2019s first quarter annualized rate, that\u2019s already12% more than last year\u2019s total filings. The complaints include those for breach of fiduciary duty, shareholder derivative cases, securities fraud, and securities class actions.<\/p>\n<p>Although <a href=\"https:\/\/www.securities-fraud-attorneys.com\/\">securities fraud <\/a>complaints comprised the greatest portion of filings for the first quarter, breach of fiduciary duties lawsuits, which include merger objection complaints, are the real cause of securities lawsuit growth. Meantime, 18% of new filings were securities class action complaints, which in the past made up over 1\/3rd of securities lawsuits. Securities class action lawsuits, however, still make up for the majority of the largest settlements. During this first quarter, the average securities class action case settled for $54.6 million.<\/p>\n<p><strong>More Blog Posts:<\/strong><\/p>\n<p><a href=\"https:\/\/www.investorlawyers.com\/blog\/2010\/12\/class_members_of_charles_schwa\">Class Members of Charles Schwab Corporation Securities Litigation Can Still Opt Out to File Individual Securities Claim<\/a>, Stockbroker Fraud Blog, December 6, 2010<\/p>\n<p><a href=\"https:\/\/www.investorlawyers.com\/blog\/2010\/09\/securities_fraud_lawsuit_again\">Securities Fraud Lawsuit Against Calamos Investments Filed on Behalf of Calamos Convertible Opportunities and Income Fund Shareholders<\/a>, Stockbroker Fraud Blog, September 17, 2010<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-lawsuits-expected-t\/#more-5143\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Per Advisen Ltd\u2019s latest quarterly report on securities litigation, the number of securities lawsuit filings will likely set a new record high for yet another year in a row. Records were set in 2008, 2009, and 2010 following the credit crisis. Advisen\u2019s quarterly report was sponsored by ACE. John Molka III , the report\u2019s author, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3804,3740,3741],"tags":[],"class_list":["post-5143","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits","category-miscellaneous","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities Lawsuits Expected to Reach Record High in \u201911, Says Advisen Ltd. Report &#8212; Investor Lawyers Blog &#8212; April 23, 2011<\/title>\n<meta name=\"description\" content=\"Per Advisen Ltd\u2019s latest quarterly report on securities litigation, the number of securities lawsuit filings will likely set a new record high for yet &#8212; April 23, 2011\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/securities-lawsuits-expected-t\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities Lawsuits Expected to Reach Record High in \u201911, Says Advisen Ltd. 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