Interesting Excerpts:
Although the credit crisis no longer dominated filings during the first six months of 2010, litigation activity in the financial sector continued, as financial companies were defendants in 29.6 percent of the filings. The Heat Maps of S&P 500 Securities Litigation show that 5.1 percent of the S&P 500 companies in the Financials sector were named as defendants in new federal securities class actions in the first half of 2010. These companies represented 17.5% of that sector's market capitalization.
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Overall, about one out of every 41 companies in the S&P 500 Index at the beginning of 2010 were defendants in a federal securities class action filed in the first half of 2010, compared with about one of every 22 companies in the full year of 2009.
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