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 call higher volumes of lower-quality cases.
The pair found the dismissal rate of cases brought by so-called emerging firms was 60% from 2012 to 2016, compared with 45% for established firms.
Their research found emerging firms—which they identify primarily as Pomerantz LLP, the Rosen Law Firm PA and Glancy Prongay & Murray LLP—are more likely to pursue securities cases that aren’t pegged to a financial misstatement."
Read the rest of Sara's story here.
