SEC Rule 201 restricts short selling activity if a stock declines at least 10% from the previous trading day’s close. Historical experience indicates that while the restriction is likely to apply to a relatively small percentage of all stocks on an average day, the restriction is likely to prove relevant in a large number of securities class actions.
Securities Litigation Flash: Q2 2024
In this edition of CRA’s Securities Litigation Flash, we cover Section 10 (b) and Section 11 filings and settlements from Q2 2024. Filing trends Section 10(b)...