| Post-Reform Act Class Action Filings of Securities Lawsuits by Industry, 1997-2025 (1) |
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| Industry |
Average
1997-2024 |
2024 |
2025 |
| Core filings (2) |
199 |
221 |
201 |
| Consumer |
77 |
102 |
96 |
| Technology |
25 |
37 |
30 |
| Communications |
27 |
20 |
13 |
| Financial |
29 |
19 |
17 |
| Energy |
8 |
14 |
6 |
| Other (3) |
9 |
13 |
15 |
| Industrial |
16 |
11 |
16 |
| Basic materials |
5 |
5 |
7 |
| Utilities |
3 |
0 |
1 |
| Merger and acquisition filings |
28 |
5 |
6 |
| Total |
227 |
226 |
207 |
(1) Private Securities Litigation Reform Act of 1995. Includes federal and state filings
(2) Core filings exclude merger and acquistion filings. Core filings by category do not include state filings.
(3) Includes state filings and miscellaneous filings.
Source: Cornerstone Research, Securities Class Actions Filings-2025 Year in Review. ©2026 by Cornerstone Research, Inc. |
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