The Recorder has an article (via law.com – free regist. req’d) by Michael Tu on the increase in securities class action trials.
Quote of note: “The varying results from these trial verdicts gives both plaintiffs and defendants reason to believe that they can, under the right circumstances, take their cases to trial and win. Given that increasingly aggressive settlement postures now being taken by plaintiffs are decreasing the defendants’ relative risks of going to trial in many cases, defendants are less likely to settle when they believe they have a defensible case.”
The 10b-5 Daily 