In this edition of CRA’s Securities Litigation Flash, we cover Section 10(b) and Section 11 filings and settlements from Q4 2025 and the full year 2025.
Filing trends
- Section 10(b) and Section 11 filings totaled 48 during the fourth quarter of 2025, matching the total of the same period in 2024 and representing 13% fewer than that of the same period in 2023.
- Of those, only 7 filings had Section 11 claims in the fourth quarter of 2025, slightly more than the same period in 2024 (4 filings) and matching the total of the same period in 2023.
- Section 10(b) and Section 11 filings totaled 201 in 2025, slightly lower than the previous two years.
- Section 11 filings reached 18 in 2025, down from 22 and 25 in the preceding two years.
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