The Martin Luther King Building & U.S. Courthouse in Newark, N.J. Securities Class Action Filings Increase in New Jersey
It seems quite plausible that fee considerations are among the reasons why securities class action cases are making their way across the Hudson River in greater numbers.
March 11, 2022 at 02:30 PM
7 minute read
Even if the New York Stock Exchange never makes good on its occasional threats to move to New Jersey, a related export—securities class action cases—already are making their way across the Hudson River in increasing numbers.
Securities plaintiffs have filed nearly 100 class actions in the federal District of New Jersey over the past three years. According to recent data reported by ISS Securities Class Action Services, New Jersey was the second-highest venue for securities class action settlements in 2021, behind only the mother court for securities claims, the Southern District of New York.
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