While securities litigation has been increasing as a long-term trend, there is no increase in the number of filings or the size of settlements as a result of either Enron or Sarbanes-Oxley.
Has Anything Changed?
Nearly 2 years have passed since the Enron scandal broke, and a year has elapsed since Congress passed the Sarbanes-Oxley Act (the Act) in July 2002 in response to widespread calls for stronger measures to prevent and punish corporate fraud. Many observers expected securities class action litigation to rise in response to recent headline-making fraud scandals and the Act. However, little change has occurred in securities class action filings, dispositions and settlements, detailed statistical analysis shows. This article discusses the facts.
By
Elaine Buckberg And Ronald I. MillerThis premium content is locked for LawJournalNewsletters subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN LawJournalNewsletters
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact Customer Service at [email protected] or call 1-877-256-2473.
