Securities Class bodog sportsbook review Filings Involving Technology Companies Are on the Rise

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bodog sportsbook review settlements decline sharply after peaking in 2018.

San Francisco–Securities class bodog sportsbook review filings involving technology companies rose by more than 50% in 2019, the fourth annual increase in a row, according to a new Cornerstone Research report released today.

The report, Tech Company Securities Class bodog sportsbook review Filings and Settlements—2015–Q1 2020 Review and Analysis, found that the number of bodog sportsbook review against tech companies increased to a record 85 new cases in 2019 from 55 the year before. Companies in the Internet and Software subsectors were targeted in 66% of 2019 cases.

We will continue to monitor the longer term impact of the pandemic. If Q1 2020 is any indication, however, the pandemic’s impact on the market value of tech companies may be less severe than its effect on the overall market.

Tech company cases in both federal and state courts have boomed over the last four years, accounting for 20% of total securities class bodog sportsbook review filings. Similar to overall filings activity, tech company filings saw a shift from federal to state courts, after the U.S. Supreme Court’s 2018 ruling that state courts have jurisdiction over 1933 Act claims.

The first quarter of 2020 saw a decline in bodog sportsbook review cases, likely due in part to slowdowns associated with the COVID-19 pandemic.

“We will continue to monitor the longer term impact of the pandemic. If Q1 2020 is any indication, however, the pandemic’s impact on the market value of tech companies may be less severe than its effect on the overall market,” said Ravi Sinha, a Cornerstone Research vice president and report coauthor. “The S&P 500 declined by 20% during the first quarter of 2020, while the Dow Jones U.S. Technology Index lost 12% of its market value.”

The number of bodog sportsbook review settlements has been volatile in recent years, declining to its lowest level in 2019, after peaking in 2018. For the first time in the last five years, however, the median settlement amount for bodog sportsbook review cases ( million) exceeded the median for non-bodog sportsbook review settlements ( million) in 2019.

Tech Company Securities Class bodog sportsbook review Filings and Settlements—2015–Q1 2020 Review and Analysis

Highlights
  • Dollar Disclosure Loss: The aggregate Dollar Disclosure Loss (DDL) of tech company filings rose to 1 billion in 2019, up 27% from 7 billion in 2018. DDL is the dollar value change in the defendant firm’s market capitalization between the trading day immediately preceding the end of the bodog sportsbook review period and the trading day immediately following the end of the bodog sportsbook review period.
  • Maximum Dollar Loss: The aggregate Maximum Dollar Loss (MDL) of tech company filings more than doubled in 2019 to 4 billion from 2 billion in 2018. MDL is the dollar value change in the defendant firm’s market capitalization from the trading day with the highest market capitalization during the bodog sportsbook review period to the trading day immediately following the end of the bodog sportsbook review period.
  • Mega bodog sportsbook review: There were four mega DDL bodog sportsbook review and eight mega MDL bodog sportsbook review involving tech companies in 2019. Mega DDL bodog sportsbook review have a DDL of at least  billion, and mega MDL bodog sportsbook review have an MDL of at least  billion.
  • Mega bodog sportsbook review Allegations: Between 2015 and Q1 2020, there were 26 mega bodog sportsbook review against tech companies in federal and state courts. Allegations in these cases primarily relate to business prospect misrepresentations or the fallout from mergers and acquisitions.
About Tech Companies

“Tech companies” as used in this report refer to five subsectors under the Bloomberg Industry Classification Systems (BICS): (1) Computers, (2) Internet, (3) Semiconductors, (4) Software, and (5) Telecommunications. This report provides an in-depth look into the securities class bodog sportsbook review filings and settlements of tech companies. For more information on trends across industries, see Cornerstone Research’s latest Securities Class bodog sportsbook review Filings and Securities Class bodog sportsbook review Settlements reports.