In 2022, there were 197 federal securities class actions filed, which is a slight drop from the 211 filings in 2021, and a significant drop from the over 400 filings in 2017, 2018, and 2019, and over 300 in 2020. There were several notable developments in the fourth quarter of 2022 and trends we anticipate continuing in 2023. In this edition, we examine: (1) the Supreme Court taking up review in the Slack Technologies case; (2) an update on securities litigation around the world; (3) the continued rise in crypto; and (4) ESG-focused trends.
Source: Securities and Derivative Litigation: Quarterly Update