Investor Class Actions Hit 10-Year Low

According to a study by Stanford University, federal class actions filed by investors during the first half of 2006 are at their lowest level since 1996. The first half of this year saw only 61 class actions filed, compared with 111 in the first six months of 2005, according to the report. The current total is 36 percent lower than the average for the period from 1996 to 2005.