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California Class Action Attorneys

Public companies coughed up a record amount of money to settle securities class actions in 2004 while continuing to face an unprecedented volume of enforcement actions initiated by the Securities and Exchange Commission, according to a recent report issued by Price Waterhouse Coopers.

The report details an increasing securities litigation in an age in which both domestic and international companies have to meet the new requirements of the Sarbanes-Oxley Sarbanes-Oxley - Financial and Accounting Disclosure Information corporate reform law.

The total value of settlements last year was $5.4 billion and appears directly tied to the magnitude of the corporate wrongdoing.

The number of class action securities lawsuits filed against companies increased by 16 percent from 2003 to 2004, to a total last year of 2003, according to numbers in the Price Waterhouse Coopers Report.

In fact, Price Waterhouse Coopers has predicted a continued increase in. securities suits domestically based in part on new Sarbanes-Oxley requirements that continue to kick in and have an impact.

(See 3/31/05 Los Angeles Daily Journal, for full article)

If you believe that you have sustained losses as the result of corporate wrongdoing, contact us for a full, no obligation, confidential evaluation.