Cornerstone Research: High Dismissal Rate of M&A Class Actions “Troubling”

Last week, Cornerstone Research published Securities Class Action Filings — 2017 Year in Review, which confirms what other studies have shown:  federal securities class actions reached record levels in 2017, largely due to the continuing surge in lawsuits challenging mergers and acquisitions.  The report notes that M&A class actions experience a particularly high dismissal rate: 78…