Though the number of securities class action lawsuit containing accounting allegations remained essentially the same in 2013 compared to 2012, the market capitalization losses associated with the 2013 suits were more than double the losses associated with the 2012 suits, according to a new report from Cornerstone Research. The report contains a brief analysis of the ways SEC enforcement practices and priorities could lead to an increase in the number of accounting cases in the future  The report, entitled “Accounting Class Action Filings and Settlements: 2013 Review and Analysis,” can be found here. Cornerstone Research’s April 29, 2014 press release about the report can be found here.

The report examines filing and settlements during 2013 in securities class action lawsuits containing accounting allegations. Securities suits are considered “accounting cases” if they include allegations related to Generally Accepted Accounting Principles (GAAP), auditing violations or internal control weaknesses.

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