US Securites class action settlements rising
The number of securities class actions filed in the US against foreign companies in 2005 fell by 34%, according to the latest PricewaterhouseCoopers Securities Litigation Study. However, the total value of settlements rose by 113% from $633.7million in 2004 to $1.35billion in 2005. The study has been published at a time of reports that the increased regulatory burden in the US has caused companies to revise plans to list there or consider delisting from the US market.
The number of securities class actions filed against foreign issuers fell from 29 in 2004 to 19 in 2005, as securities regulators in the US, EU countries and other nations improved co-ordination of
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