Securities class action litigation activity involving IPO companies recently has been a significant concern, for the companies themselves as well as for their insurers.
In the News
2016-05-12
by Michael Klausner*
Jason Hegland**
Commentators have criticized the SEC for targeting and penalizing corporations for securities fraud while allowing the individuals that committed the violations to go unpunished.[1] As explained in this blog, however, the SEC frequently targets and penalizes individual officers.
2018-02-04
Using data from the Stanford Securities Litigation Analytics (SSLA) database, we take a closer look at the risk facing biopharma firms with market capitalization under $1 billion, and we find that the prospects these firms face with respect to securities class actions is only slightly worse than that faced by firms of comparable size in other sectors.
2017-08-22
Sara Randazzo at the Wall Street Journal shares some of the findings from our research in shareholder litigation trends in her piece on the record number of securities class actions filed:
"Researchers Jason Hegland and Michael Klausner at Stanford Securities Litigation Analytics coined the term “emerging” law firm last year, positing that the firms are largely responsible for bringing what they c
2014-06-30
by Michael Klausner, Jason Hegland and Matthew Goforth Michael Klausner is the Nancy and Charles Munger Professor of Business and Professor of Law at Stanford Law School. He can be reached at klausner@ stanford.edu. Jason Hegland is a Fellow and a Director of Securities Litigation Analytics at Stanford Law School. He can be reached at jhegland@ law.stanford.edu.
2016-06-24
NERA and Cornerstone have recently published annual reports showing that the volume of securities class actions has increased from 2006 to 2015, with a low in 2009 and a steady rise since then. In this blog we use the more detailed data of the SSLA database to dig deeper into this trend and expose some interesting drivers.
2014-06-30
Publication Date: September 05, 2013
Source: Securities Law Daily - BNA
Author: Yin Wilczek
Professor Michael Klausner spoke to Yin Wilczek of Securities Law Daily - BNA about the study he authored with Jason Hegland, co-founder and Executive Director at Stanford Securities Litigation Analytics, that examined SEC enforcement actions filed from 2000 to the present.
Contrary to what some critics
2016-06-23
In addition to the interactive charts used in our analysis, our developers had some fun experimenting with this bubble chart illustrating the differences between emerging firm (in orange) and established firm (in blue) settlements reached in 2015 alone. This chart shows settlement size by relative area of the circles.
2014-06-30
Publication Date: May 20, 2013
Source: LTN Daily Alert
Author: Tam Harbert
Professor Mark Lemley and Roland Vogel, executive director of the Stanford Program in Law, Science and Technology, spoke with Law Technology News's Tam Harbert about the many legal tech start-ups coming out of Stanford Law School, making SLS the "vortex of this activity" and a "hotbed of entrepreneurship in the field of