Institutional Shareholder Services has issued an interesting (and blessedly pithy) paper on the growing role of international investors in U.S. securities class actions. The highlights include:
(1) Since 1999, international institutional investors have sought to serve as lead plaintiffs 182 times in 98 different cases.
(2) The international institutional investors that filed lead plaintiff motions were from 17 different countries. Germany, Canada, and Israel were the countries with the largest number of movants.