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Jonathan Youngwood Quoted in Bloomberg Law on Securities Filing Trends in 2022
02.02.23
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Jonathan Youngwood, Global Co-Chair of the Firm’s Litigation Department, was quoted in a Bloomberg Law article titled, “Crypto Class Lawsuits Doubled, SPAC Suits Sank in 2022.” The article explored the findings from Cornerstone Research’s annual securities class action filings report, including how securities class actions relating to cryptocurrency and IPOs increased in 2022, while M&A class actions decreased. Jon noted how “The trends fit with the events of the past year and the year before that.” He further explained how “The increase in Section 11 filings compared with Section 10 securities fraud filings makes sense because 2021 was a solid, healthy year for IPOs, and in 2022, market conditions toughened. That creates a potential basis for a claim, when the stock falls below the IPO price.”
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