Buoyed by an influx of case filings in the final days of June, securities class action lawsuit filings during the first half of 2013 remained roughly on pace with 2012 filings, although well below the historical average number of filings. Though the absolute numbers of filings so far this year are below historical averages, the number of
Fourth Quarter Slowdown Drives Decline in 2012 Securities Class Action Filings
Largely as a result of a slowdown in new filings during the fourth quarter, 2012 securities class action lawsuit filings were below the filing levels of recent years and below historical averages. Filing levels remained elevated in the natural resources, life sciences and computer services industries, and filings against non-U.S. companies, though off from 2011