NERA Economic Consulting yesterday released an update on the number and value of securities class action claims in Canada. Specifically, Trends in Canadian Securities Class Actions: 2010 Update notes that there are now a record 28 active Canadian securities class actions representing almost $16 billion in outstanding claims. The study considers trends in filings and resolutions and notes that the most common claims continue to relate to allegations of operational misrepresentations and accounting misrepresentations for cases filed in 2010. Readers may also be interested in the publication's consideration of US securities class actions against Canadian companies.
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