A recently-published report from NERA Economic Consulting provides a mid-year look back at securities class actions and demonstrates the continued focus by the plaintiffs’ securities litigation bar on health care and life science firms, particularly those focused on the development and commercialization of drugs and devices.

The report found that approximately half of all COVID-19-related securities class action suits filed between March and June of 2020 were filed against defendants in the Health Technology and Services and in the Electronic Technology and Technology Services sectors. Looking more broadly, the report found that excluding merger objections, the Health Technology and Services sector accounted for 18% of all filings for the first half of the year.

The report makes clear that pharmaceutical, healthcare, and biotechnology firms will likely continue to face disproportionate rates of securities litigation filings, including filings related to the COVID-19 pandemic.

The entire report is available at:  https://www.nera.com/publications/archive/2020/recent-trends-in-securities-class-action-litigation–h1-2020-upd.html.

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Photo of Gregg Weiner Gregg Weiner

Gregg is co-chair of the firm’s Litigation and Enforcement practice group, based in Ropes & Gray’s New York office. Gregg has over 25 years of experience delivering successful results to financial institutions, Fortune 500 companies, professional services organizations, hedge funds and other sophisticated…

Gregg is co-chair of the firm’s Litigation and Enforcement practice group, based in Ropes & Gray’s New York office. Gregg has over 25 years of experience delivering successful results to financial institutions, Fortune 500 companies, professional services organizations, hedge funds and other sophisticated clients in a wide range of complex commercial disputes. His practice involves matters concerning the federal securities laws, commercial contracts, financial transactions/instruments, corporate governance, breach of fiduciary duty claims and mergers and acquisitions. Gregg also frequently represents real estate developers, investors and owners in high-profile litigation matters.

Photo of Adam Harris Adam Harris

Adam is partner in Ropes & Gray’s Litigation and Enforcement practice, based in New York. Adam focuses on complex business litigation, including securities class action defense, breach of contract cases, deal-related litigation, breach of fiduciary duty claims, corporate governance disputes, and civil fraud…

Adam is partner in Ropes & Gray’s Litigation and Enforcement practice, based in New York. Adam focuses on complex business litigation, including securities class action defense, breach of contract cases, deal-related litigation, breach of fiduciary duty claims, corporate governance disputes, and civil fraud and RICO claims.

Photo of Anne Conroy Anne Conroy

As an associate in Ropes & Gray’s Litigation and Enforcement practice group, Anne’s practice focuses on complex commercial litigation, shareholder disputes, regulatory matters, and civil and criminal government enforcement matters. She has represented clients in matters involving securities laws, the False Claims Act…

As an associate in Ropes & Gray’s Litigation and Enforcement practice group, Anne’s practice focuses on complex commercial litigation, shareholder disputes, regulatory matters, and civil and criminal government enforcement matters. She has represented clients in matters involving securities laws, the False Claims Act, shareholder actions, and general commercial disputes.