Pace of US class-action filings well below average

(Reuters) - The study comes as business groups are waging a campaign to
rein in shareholder lawsuits, saying the claims are often
frivolous and are harming the competitiveness of U.S. markets
by discouraging international companies from listing their
securities here out of fear of litigation.




The Supreme Court also has issued recent rulings that could
make it tougher for investors to bring class-action claims
against corporations. In one case, the court said that
plaintiffs must show convincing evidence that fraud occurred or
else a lawsuit can be dismissed at the pre-trial stage.


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