Commentary

Marianne Brown
Traders Magazine Online News

The Surprising Factor Financial Firms Need to Invest in To Accelerate Growth

When it comes to people, a firm's success relies on more than just the top contributors to the bottom line, according to FIS. In its latest report, shared with Traders Magazine, the firm says it actually found firms that are prioritizing investments in digital expertise are growing nearly twice as fast as their peers.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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July 31, 2002

Pace Of Securities Suits Slows

By Colleen Marie O'Connor

IPO laddering charges filed by investors were unheard of in the earliest batch of securities lawsuits filed in 2002.

In fact, following the ballooning of shareholder class-action lawsuits last year, largely involving IPO laddering charges, preliminary figures show that some of the air has been let out of the 2002 filings.

According to the Securities Class Action Clearinghouse at Stanford University, and Cornerstone Research, a litigation consulting firm, 58 class-action lawsuits were filed in the first quarter of this year. That number is down significantly compared to most of last year's first quarter activity. Last year a record 483 suits were filed.

Through June 7, 2002 it was reported that 107 class-action lawsuits had been filed. In 2000, 213 such claims were filed.