From SPACs to COVID-19, several trends have appeared in core filing activity in recent years.
The data below is from Securities Class Action Filings—2023 Year in Review.
SPAC
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COVID-19COVID-19 filings include allegations related to companies negatively impacted by the virus or looking to address demand for products as a result of the virus. |
CryptocurrencyCryptocurrency filings include blockchain or cryptocurrency companies that engaged in the sale or exchange of tokens (commonly initial coin offerings), cryptocurrency mining, cryptocurrency derivatives, or that designed blockchain-focused software. |
CannabisCannabis filings include companies financing, farming, distributing, or selling cannabis and cannabidiol products. |
CybersecurityCybersecurity filings are those in which allegations relate to data breaches or security vulnerabilities. |
Banking TurbulenceBanking turbulence filings include allegations related to a series of bank failures that occurred in rapid succession in late 2022 and 2023. |