It has been two years since public companies saw a marked decrease in the number of securities class action filings against them. In 2022, 168 class actions were filed, a record low since 2014; however, 2024 activity is heating up, and we could be on track for more than 200 filings by the end of the year, according to our analysis in Woodruff-Sawyer’s 2024 Mid-Year D&O Databox Report.
Source: Numbers Are Up for SCA Filings and Settlements—A Repeat of 2023?