|(19 Jun 2017)
The latest available data from the federal courts show that during May 2017 the government reported 128 new securities and commodities exchange civil filings.
According to the case-by-case information analyzed by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University, monthly filings when compared with those of the same period in the previous year were up by more than a third (36.7%).
Suits in this category involve alleged violations of the Securities and Exchange Act (15 USC 78), securities fraud under 15 USC 77 and 12 USC 22, violations of commodities exchange regulations and other breaches of fiduciary duties.
Relative to population size, Delaware had the highest volume of these lawsuits during FY 2017 with a rate 20 times the national average. The Southern District of New York (Manhattan) had the largest number of filings. This was followed by the Northern District of California (San Francisco), the Central District of California (Los Angeles), New Jersey, and Delaware. These five districts accounted for half of all lawsuits this year.
For further details on national trends, and lawsuits filed in each federal district, see:
Each month, TRAC offers a report focused on one area of civil litigation in the U.S. district courts. In addition, subscribers to the TRACFed data service can generate custom reports by district, office, nature of suit or federal jurisdiction with data updated through May 2017. To start, go to:
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