August 15, 2022

class action settlements

Accountants Didn’t Wind Up In Court As Often In 2021

While there were plenty of accountants who behaved badly in 2021, the accounting profession as a whole was fairly well-behaved and competent last year, according to a new report from Cornerstone Research. Good job, everyone. From the report, Accounting Class Action Filings and Settlements – 2021 Review and Analysis: Reversing a three year trend, the […]

Accounting Stayed Real Classy In 2020

Not even a global pandemic, the likes of which we’ve never seen, could slow down the amount of accounting-related securities class actions filed in 2020. A new report from Cornerstone Research revealed that 70 federal securities class actions involving accounting allegations—all were “core” filings containing Securities Exchange Act Rule 10b-5, Section 11, and Section 12(a) […]

Oh Look, There Were More Accounting Class Actions Filed In 2019 Than Ever Before

The big news that came out of last year’s Cornerstone Research report on securities class-action lawsuits involving accounting allegations was that total settlement value reached nearly $4.5 billion in 2018, the second highest total in the past decade. The big news out of this year’s report is that there were a record number of accounting-related […]

Accounting Class Actions Are Once Again a Billion-Dollar Business

Well, looky here. The total value of accounting securities class-action settlements in 2018 reached the second highest total in the past decade, according to a new analysis by Cornerstone Research. The report found that while the number of accounting case settlements declined to 41 in 2018 from 49 in the previous year, total settlement value […]

According to This, Suing Auditors Is Trendy Now

According to a Cornerstone Research report that you should absolutely read in its entirety if you are into this sort of stuff, lawyers are suing auditors more: Overall, auditor participation in class action settlements in the last several years has been lower than in the early years following passage of the Private Securities Litigation Reform […]