CRA Insights

Securities Litigation Flash: Q3 2025

October 20, 2025
Financial stock exchange market display screen board on the street

In this edition of CRA’s Securities Litigation Flash, we cover Section 10 (b) and Section 11 filings and settlements from Q3 2025.

Filing trends

  • Section 10(b) and Section 11 filings totaled 49 during the third quarter of 2025, 16% fewer than in the same period in 2024 and 2% more than in the same period in 2023.
  • Of those, only 5 filings had Section 11 claims in the third quarter of 2025, slightly more than the same period of 2024 (4 filings) and slightly less than in the same period of 2023 (6 filings).

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