What are the biggest changes you have seen in the class action arena?

We continue to see a wider variety of institutional investors seeking to serve as lead plaintiff in these cases and more active individual investors such suits. We attribute this change to the growing number of publicly-traded companies, many of which are not regularly held in significant and sustained amounts by institutions. Overall, these developments are as a positive for our Firm because (1) we are extremely selective in the cases we pursue and recommend to our clients, so the sheer volume of cases filed is not of great importance to us; and (2) we have long-strived to develop and maintain a diverse client base, discussed below, so we benefit from the larger pool of potential lead plaintiffs.