Mayer And Brown Llp
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Report: Surging securities class actions over corporate M&A, 'adverse events,' a growing 'litigation racket'
Saying the trend carries substantial costs for investors and the entire economy, a new report is calling for reforms to tamp down on the growing surge in the number of so-called securities class action lawsuits filed against companies over mergers, acquisitions or stock price drops - a phenomenon the report author called a "litigation racket."