Cornerstone Research has issued its Year in Review discussing federal securities fraud class actions filed in 2012. According to the report, class action filings fell from 188 in 2011 to 152 in 2012. Cornerstone noted, among other things, the following observations. First, mergers and acquisition cases are down and appear to be filed in state courts rather than before federal tribunals. Second, filings against Chinese issuers listed through reverse mergers are down. Finally, there were no credit-crisis filings in 2012.
See the Year in Review here.