Securities Class Action Filings 2023 Year in Review: Key Trends in Federal and State Filings

In 2023, MDL was the second highest on record while DDL decreased by 46%. The combined number of federal Section 11 and state 1933 Act filings fell to the lowest level in the last 10 years. The share of core federal filings related to , -19, and cryptocurrency fell to less than 20% in 2023, and the 2023 Banking Turbulence trend category emerged.
Source: Securities Class Action Filings 2023 Year in Review: Key Trends in Federal and State Filings