New class-action securities lawsuits not involving mergers and acquisitions totaled 117 in the first half of the year, down 18% from the second half of 2019, according to a report by Cornerstone Research.
Despite the decline, the total number of filings is high based on historical averages, Cornerstone said.
Not surprisingly, the report said, “allegations related to issuers’ responses to Covid-19 began appearing in filings in mid-March.”
Suits against issuers of cryptocurrencies and cannabis companies continued in 2020, it noted.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
