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Jonathan Youngwood Quoted in Law360 on Securities Class Actions Trends in 2023
02.01.24
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Jonathan Youngwood, Global Co-Chair of the Firm’s Litigation Department, was quoted in a Law360 article titled, “Crypto Faded As A Shareholder Suit Target In '23, Study Finds,” which explored the findings from Cornerstone Research’s annual securities class action filings report. The data highlighted included how suits related to the crypto industry and, separately, SPACs, decreased over the past year even while securities case filings had a slight increase. For crypto cases, Jon explained how the decrease could be due to waning interest in the area, while, for SPAC cases, a decrease is not surprising as fewer companies are turning to this option to go public. He also noted how a majority of all securities cases were filed in the Second and Ninth Circuits.
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