Japanese Securities Law Damages for 2009 Exceeded the Damages Awarded in Japan for Securities Litiga
Are you still wondering whether there is more litigation around the globe? Either way, consider this post from D & O Diary regarding the tremendous increase in the damages awards for securities litigation in Japan. The post starts out with the following strong statement:
"The amount of damages awarded in 2009 Japanese securities cases exceeded "the aggregate amount of securities litigation damages determined by court decisions in Japan for the entire previous decade," according to a new study of Japanese securities litigation from NERA Economic Consulting. The report, dated August 2, 2010 and entitled "Trends in Japanese Securities Litigation: 2009 Update," and which can be found here, updates the NERA report released last year that surveyed Japanese securities litigation from 1998-2008."