Securities class action case filings remained flat in 2024, with 229 filings equaling the number of new cases filed in 2023. The number of filings in 2024 tied with 2023 for the highest number of filings since 2020. The number of filings was below the 421 cases filed in 2018, the recent peak year for federal securities-suit filings. Suits alleging violations of Rule 10b-5, Section 11, and/or Section 12 of the Securities Act increased for a second year, with 214 new filings that accounted for more than 93% of all filings in 2024.
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