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Lawyers: Securities Suits Among Life Sciences Firms Down In 2020 – But Don’t Expect Trend To Last

 
• By Elizabeth Orr

Attorneys with the law firm Dechert LLP expect the number of securities claims filed to rise in 2021 after a slide last year.

Greyscale money on scales of justice resting near a gavel

The number of class action lawsuits alleging securities fraud filed against life sciences companies fell in 2020, dropping 18% from a 2019 peak. But attorneys at the law firm Dechert LLP, which issues an annual report tracking the issue, don’t expect the trend to continue.

According to the report, 80 class action securities suits were filed against life sciences firms last year. That’s down from 2019, but still up 19% from 2015. The number of...

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