Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




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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.