Monday, May 5, 2014

Number of Accounting Class Actions Steady Over Last Two Years

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.

To read full article, click here.
Source: Jason Bramwell ( 

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