SOURCE: Tramont Guerra & Nunez, PA

July 31, 2009 18:30 ET

The Securities Law Firm of Tramont Guerra & Nunez, PA Comments on Recent Studies on Trends in Securities Class Actions and Arbitrations

CORAL GABLES, FL--(Marketwire - July 31, 2009) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) comments on recent studies on trends in the claims filed in securities class actions and arbitrations. An annual report titled Securities Class Action Filings: 2009 Mid-Year Assessment, prepared by Stanford Law School Securities Class Action Clearinghouse in cooperation with Cornerstone Research, was recently published. The report reflects a total of eighty-seven federal class actions filed in the first half of 2009. This represents a 22.3% decrease in the amount of filings when compared to the first half of 2008. Nonetheless, of those eighty-seven federal class actions, 66.7% were filed against financial service firms, a 50% increase over the number of such claims filed in all of 2008.

The Financial Industry Regulatory Authority (FINRA) has also released dispute resolution statistics through June of 2009. The statistics show an 82% increase in securities arbitration claims for the first half of the year, with the majority of claims filed for breach of fiduciary duty and misrepresentation. FINRA reported common stock and mutual funds as the securities most involved in arbitration. During this period, statistics show that arbitrators awarded damages in 46% of the cases. Investors should consider whether their specific case facts warrant consideration for an individual securities arbitration claim filed with the FINRA. In those instances where there is fraud, misrepresentation, negligence, self-dealing, over concentration, unsuitable investment advice or any other sales practice violations on the part of full service brokerage firms, TGN will advocate investor's rights and file a securities arbitration claim.

The Securities Law Firm of Tramont Guerra & Núñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual claim from investment losses that exceed $100,000 with a full service brokerage account, contact us on stock market loss lawyer. To speak directly with an attorney, call (800) 578-0137 and ask for Ben Fernandez, Esquire.

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