Securities Class Action Lull May Be Calm Before Storm
August 7, 2014
Lawrence A. Sucharow responds to recent report on securities litigation in the first half of 2014
Regarding the recent publication of a Cornerstone Research report citing the decline in securities class actions in first half of 2014 and pointing to a possible trend, Firm chairman Lawrence A. Sucharow told Law360, "I think it would be a mistake to take away from the Cornerstone report that fraud is any less prevalent than it was at any other period of time. I think that would be a naive belief."
Sucharow, who has been representing investors in securities class actions for decades, sees the current lull as just another calm before the storm. He said he expects that securities class actions will continue to be the mainstay of his firm.
"I'm not hoping it's a growth industry, but it's certainly a stable industry," he said, adding that the numbers in the Cornerstone report are unlikely to affect his strategies or his practice.