Federal securities class-action filings through Sept. 30, 2012 have been slower when compared to the same time period in 2011, according to the annual PricewaterhouseCoopers Securities Litigation Update.
The report analyzed 137 cases filed through the third quarter of 2012, compared to 142 cases filed through September 30, 2011. PwC found that if filings continued at a similar rate, 183 federal securities class actions are expected to be filed by the end of the year compared to a total of 191 filings made in 2011 – a decrease of approximately 4.2 percent – just above the annual average (180) of cases filed since the enactment of the Private Securities Litigation Reform Act of 1995.
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