Securities Class Actions Show No Signs of Slowing In 2024


Susan L. Saltzstein Tansy Woan William J. O'Brien III

Partners Susan Saltzstein and Tansy Woan and counsel William O’Brien review securities class actions filings over the past several years and look ahead to 2024. While the volume has remained consistently elevated, the composition of the class actions has changed. Going forward, the authors expect:

  • The Supreme Court to continue to shape securities law jurisprudence.
  • Courts to continue to assess short-seller reports underlying securities complaints.
  • Defendants to use Arkansas Teacher Retirement System v. Goldman Sachs Group Inc. as a roadmap for challenging price impact at class certification.
  • “Materialization of risk” to remain in focus after the Ninth Circuit’s decisions in Facebook and Glazer Capital Management.