There was not much change in the number of accounting-related securities class-action lawsuits that were filed in 2013 over the previous year, but analysts recently found that accounting case settlements in which an auditor was named as a defendant reached a three-year high last year.
There were 47 accounting class actions filed against companies in 2013, up slightly from the 46 filed in 2012, according to a new report from economic and financial consulting firm Cornerstone Research. Still, those numbers are significantly lower than the yearly average of 72 accounting case filings over the last decade.
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Source: Jason Bramwell (www.accountingweb.com)
