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A report by PricewaterhouseCoopers shows that in 2012 there were only 172 securities class actions filed, the fewest filed in any year since 2009.
So Reuters reports. The report attributes the slowdown to distractions like the “fiscal cliff,” the U.S. presidential election, and the fact that last year lacked “the kind of triggers that have sparked these kinds of lawsuits in recent years,” such as the 2008 financial crisis.
While the slower pace of securities class action filings has continued in 2013, the report’s authors predict it won’t last.
Read the full article from Reuters here.
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