This is an excerpt from Securities Class Action Filings 2024 Midyear Assessment
This index tracks the number of core federal filings against foreign issuers (i.e., companies headquartered outside the United States) relative to total core federal filings.
- There were 13 core federal filings against non-U.S. issuers in 2024 H1. The annualized number of core federal filings against non-U.S. issuers in 2024 is below the previous 10 years.
- Core federal filings against non-U.S. issuers in 2024 are on pace to be less than half the recent high of 73 filings in 2020.
Core federal filings against non-U.S. issuers as a percentage of total core federal filings in 2024 H1 (12%) declined by nearly a quarter relative to 2023 (16%), reaching a 15-year low.
- The number of core federal filings against U.S. issuers (94) is on pace to be the highest in more than 10 years.
The views expressed herein are solely those of the authors and do not necessarily represent the views of Cornerstone Research.
