Trend Sharply Up For Securities Litigation

The number of federal securities class actions filed in the first six months of 2018 was more than double the 20-year average. The reason? It’s neither an epidemic of fraud nor the machinations of aggressive plaintiff lawyers, say attorneys Robert R. Long and Elizabeth Gingold Clark. Rather, one should look to “industry-specific factors such as media hype and regulatory uncertainty.” One industry in particular is facing both: cryptocurrency. Other industries that have been hard hit include healthcare and pharmaceuticals.