The first half of the year saw the S&P 500 post its largest percentage decline since 1970 and lose $8.5 trillion in value. (That's trillion with a T.)
New Securities Suits Up Slightly, Despite Stock Drops
Given the recent stock market carnage, one might expect that the courts were flooded with a fresh batch of securities suits. Stock drops, after all, are one necessary ingredient of stock drop suits. But according to Cornerstone Research's mid-year assessment of new filings, the number of new class action securities cases filed in the first half ticked up only slightly compared to the first half of 2021.

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