U.S. and Canadian Securities Litigation
Despite stringent regulations on companies listed on stock exchanges all over the world, there are many cases involving violations of securities laws, especially in the United States. While national enforcement agencies do their part, private litigation has proven to be very effective and successful in the United States and Canada, where class actions are possible.
In the United States alone, there have been on average over 150 securities class actions per year, which affected U.S. as well as non-U.S. companies in the past and involved both U.S. and non-U.S. securities.
The number of cases against U.S. companies still remains at over 100 per year, despite the changes since the 2010 Morrison v National Australia Bank decision.
While passive recovery through class action settlement claims filing provides an easy and secure means of loss recovery, a proactive approach through active cases or opting out of class actions has proven to increase recovery and should be considered on a case-by-case basis if losses are significantly high.
Our attorneys have successfully represented institutional investors in class actions and private actions in North America for well over a decade.