News & Events

Global Co-Chair of the Firm’s Litigation Department Jonathan Youngwood and Litigation Partner Stephen Blake were quoted in a Bloomberg Law article titled, “New Securities Class Suits Down 35% in Year Two of Pandemic,” which explored trends in securities class action filings in 2021 according to a report from Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse. Jonathan noted that the pandemic changed how federal courthouses adapted to and handled proceedings, explaining that while the pandemic slowed the pace of proceedings, it likely “didn’t directly affect the rate of new filings.” Looking forward to 2022, Jonathan added that courts are likely to remain open in the new year, “with cases progressing at a ‘more regular pace’,” and “more live hearings and more cases set for jury trials.” Stephen noted that the emerging trend of SPAC-related securities litigation continues in 2022, although cases may have hit their peak in 2021, as “SPAC deal volume appears to be dropping.”

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