Securities Class Actions Decline

The Wall Street Journal reports today that the number of securities class actions has declined significantly in the first six months of 2006.  The indictment of Milberg Weiss has had a dramatic effect on the total number of suits filed.  This is no doubt good news for main street and wall street.  Those who did not see the indictment as affecting the securities class action business, and said so in print, need to re-assess their views.