Where there’s a drop in market value, there’s likely a plaintiffs lawyer exploring the viability of bringing a securities class action. With the cryptocurrency market falling off a cliff last year, securities class action complaints hit dockets across the country like never before.

That’s one of the takeaways from Cornerstone Research’s annual report on securities class action activity which is out this morning. The total number of “core” filings—a tally that excludes suits simply seeking additional disclosures in proposed mergers and acquisitions—increased by one case to 201 in 2022. But the number of suits related to cryptocurrency more than doubled to a record 23 filings, far surpassing the previous high of 14 in 2018. 

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]