Securities Fraud Suits Hit Record Number
Marie Price The Journal Record, THE JOURNAL RECORD
A record number of 263 federal class-action lawsuits have been filed this year alleging securities fraud, compared with 201 for all of 2000, PricewaterhouseCoopers reported Monday.
Last year, only eight of the cases were filed in federal courts that make up the 10th U.S. Circuit Court of Appeals -- which includes the three federal court districts in Oklahoma -- nine in 1999. Only one such lawsuit was actually filed this year in Oklahoma, a Western District case involving Ada-based Pre-Paid Legal Services.
Not surprisingly, in 2000, because many of the companies sued are headquartered in New York and California, more than one-third of the cases were filed in the …
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Publication information: Article title: Securities Fraud Suits Hit Record Number. Contributors: Marie Price The Journal Record - Author. Newspaper title: THE JOURNAL RECORD. Publication date: August 21, 2001. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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