Federal class action lawsuits fall sharply

By Nizar Manek, 23 January 2013
(Financial Times) --
There was a sharp drop in the number of federal class action lawsuits filed in the US last year, as plaintiffs pursued fewer cases in areas such as mergers and acquisitions and the financial services sector.
However, as regulators stepped up their crackdown on insider trading, there was a rise in the proportion of class action lawsuits filed based on allegations of insider trading, according to a report published on Wednesday.
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