By Martina Barash
Investors filed 23 new proposed class actions over cryptocurrency that weren’t related to mergers and acquisitions in 2022, more than twice the number filed in 2021, while fewer investors sued over special-purpose acquisition companies than the year before, according to a report from Cornerstone Research.
Overall, proposed securities class actions, including those related to M&As, declined from 218 to 208, the report says. But excluding the M&A suits—focusing on what Cornerstone calls the “core filings”—would-be class actions increased in 2022, it says.
To contact the reporter on this story: Martina Barash in Washington at mbarash@bloomberglaw.com
To contact the editor responsible for this story: Rob Tricchinelli at rtricchinelli@bloomberglaw.com
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