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BOSTON and PALO ALTO, Calif. — The number of companies sued in securities fraud class action litigation rose 43% between 2006 and 2007 in large part to the subprime mortgage crisis, according to a report from Cornerstone Research and Stanford University.

The number of cases rose from 116 to 166 over the past two years. Although litigation activity for 2007 as a whole was 14% below the ten-year historical average covering 1997–2006 of 194 companies sued per year, one hundred companies were sued in the second half 2007, a litigation rate that reversed a trend of eight consecutive quarters with below average litigation activity, the report noted.

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