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Report: Securities Lawsuits Against Life Sciences Firms Still On The Rise

 
• By Elizabeth Orr

More investor suits were brought against life sciences companies in 2019 than in any of the past five years, according to a new report from law firm Dechert LLP. The increase continues a trend that has seen the number of such suits more than double since 2014.

Businessman draws a statistical trend line

More lawsuits alleging securities fraud were brought against life sciences companies in 2019 than the year before, a new report from law firm Dechert LLP finds. And the near 13% year-over-year increase continues a trend that has seen the number of such suits more than double since 2014.

In total, shareholders brought 97 suits against life sciences companies last year, up from 86 in 2018. Only 39 of these suits were brought in 2014, the first year for which data was available

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