The U.S. Supreme Court issued two securities law decisions in late February 2013 that may affect the number of securities fraud cases brought by Securities and Exchange Commission and the number of securities fraud class actions. One case addressed how quickly the SEC must act when pursuing fraud charges. The second concerned private plaintiffs pursuing fraud claims in class actions.
These cases could possible increase the amount of securities law cases brought in the future. The SEC will have to act more quickly to bring securities fraud charges to meet the five-year deadline, and securities fraud class actions may have become easier to bring.