Backdating options legal
The first-half 2017 securities class action lawsuit filings hit companies across a broad range of industries.
Before this year, the semiannual period with the highest number of traditional securities suit filings was the first half of 2016, when there were 95 traditional securities suits filed.
There were 93 federal court merger objection lawsuit filings in the first half of 2017, representing 41% of all first half securities suit filings.
The merger objection suits represented 48% of all securities suit filings in the just-completed second quarter.
A year-end total of 450 securities suit filings would far exceed the 272 securities suit filings in 2016, which was itself an exceptionally high annual number of securities suit filings.
450 securities suit filings would also be more than double the 1996-2015 annual average number of filings of 188.
The 225 first half filings is nearly two and a half times greater than this long term semiannual average.