Against the backdrop of a worldwide pandemic and a decline in overall securities class action filing activity, the number of securities class action filings involving accounting allegations increased in 2020 for the third consecutive year.
Cornerstone Research: Accounting-Related Securities Class Action Filings Continue to Rise in 2020
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Accounting case settlement value more than tripled, driven by increase in mega settlements.
Accounting issues remain at the forefront of the largest securities class action settlements, and recent trends in case filings suggest that is unlikely to change in the near future. LOS ANGELES (PRWEB) April 07, 2021 Against the backdrop of a worldwide pandemic and a decline in overall securities class action filing activity, the number of securities class action filings involving accounting allegations increased in 2020 for the third consecutive year, according to a report released today by Cornerstone Research.