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Securities Class Action Filing Activity Increased in First Half of 2024

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Tracking of artificial intelligence–related filings began while the number of cryptocurrency-related filings declined.

MENLO PARK, Calif., July 31, 2024 /PRNewswire-PRWeb/ — The number of securities class action filings increased in the first half of 2024 relative to the second half of 2023, according to a report released today by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse.

The report, Securities Class Action Filings—2024 Midyear Assessment, found that plaintiffs filed 112 securities class actions in federal and state courts in the first half of 2024, an increase from the 103 class actions filed in the second half of 2023. The number of core filings—those without merger and acquisition (M&A) allegations—in 2024 H1 (110) was above the number of core filings in 2023 H2 (101) and the historical semiannual average (96). Tracking of the Artificial Intelligence (AI) trend category began; there were six such filings in the first half of 2024. The number of filings in all other trend categories—including Cryptocurrency—is on pace to decline in 2024, except for COVID-19-related filings, which are on pace to increase.

“While we’ve seen AI-related filings in recent years, the first half of 2024 marks the beginning of tracking these filings as a trend category. The growing prominence of AI in the business models of many companies may lead to more filings in the future,” said Alexander “Sasha” Aganin, the report’s coauthor and a Cornerstone Research senior vice president. “Meanwhile, SPAC-related filings are on pace to decline steeply relative to recent years, and cryptocurrency-related filings, which have been hot for the past several years, experienced a sharp decline.”

The number of filings with federal Section 11 and state claims under the Securities Act of 1933 remained low in the first half of 2024. The annualized number of these filings, 22, is in line with the number of filings, 21, in 2023. There were two federal M&A filings, on pace to be the lowest annual total since tracking of federal M&A filings began in 2009.

The Maximum Dollar Loss (MDL) Index™ decreased 9% to $908 billion in the first half of 2024, a continuing decline from the inflation-adjusted record high set in the first half of 2023 but remaining 51% above the historical semiannual average. The Disclosure Dollar Loss (DDL) Index™ increased to $185 billion in 2024 H1, a 9% increase from 2023 H2 and the sixth consecutive semiannual period with DDL at or above the historical semiannual average of $119 billion.

“The potential for real liability resulting from artificial intelligence is among the more interesting developments of the past six months,” according to former SEC Commissioner Joseph Grundfest, now professor emeritus at Stanford Law School. “But more immediately, keep an eye on the upcoming Supreme Court term. Important decisions will issue in the NVIDIA litigation regarding pleading requirements for securities fraud claims, and in the Facebook/Cambridge Analytica litigation involving risk factor disclosure.”

Additional Key Trends

The likelihood of a core filing against a U.S. exchange-listed company is on pace to increase to an annualized rate of 3.9%, surpassing the 2010–2023 average of 3.6% for core filings.In the first half of 2024, there were 10 mega DDL filings (those with a DDL of at least $5 billion), twice the 1997–2023 semiannual average (five) and slightly above the number of mega DDL filings in 2023 H2 (eight).The number of core federal filings in the Second and Ninth Circuits increased and comprised 60% of the total number of core federal filings in 2024 H1. DDL in the Ninth Circuit more than tripled relative to 2023 H2, while DDL in the Second Circuit decreased by 84%.Core federal filings against non-U.S. issuers as a percentage of total core federal filings in 2024 H1 declined by nearly a quarter relative to 2023, reaching a 15-year low.

About Cornerstone Research
Cornerstone Research provides economic and financial consulting and expert testimony in all phases of complex disputes and regulatory investigations. The firm works with an extensive network of prominent academics and industry practitioners to identify the best-qualified expert for each assignment. With a reputation for high quality and effectiveness, Cornerstone Research has consistently delivered rigorous, state-of-the-art analysis since 1989. The firm has more than 1,000 professionals in nine offices across the United States, UK, and EU.

About the Stanford Law School Securities Class Action Clearinghouse
The Securities Class Action Clearinghouse is an authoritative source of data and analysis on the financial and economic characteristics of federal securities fraud class action litigation. The SCAC maintains a database of more than 6,600 securities class action lawsuits filed since the passage of the Private Securities Litigation Reform Act of 1995. The database also contains copies of complaints, briefs, filings, and other litigation-related materials filed in these cases.

Media Contact

Molly McDonough, Cornerstone Research, 312-345-7606, molly.mcdonough@cornerstone.com, https://www.cornerstone.com/

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SOURCE Cornerstone Research

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Arab Jordan Investment Bank (AJIB) Wins Global Finance’s “Best Investment Bank” and “Best Sub-Custodian Bank” Awards in Jordan for 2026

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October 20, 2026

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AMMAN, Jordan, Oct. 20, 2026 /PRNewswire/ — Arab Jordan Investment Bank (AJIB) has been recognized by Global Finance Magazine with two prestigious awards for 2026: Best Investment Bank in Jordan and Best Sub-Custodian Bank in Jordan, underscoring the Bank’s leadership across investment banking and securities services and reaffirming its commitment to innovation, client-centricity, and delivering world-class financial solutions.

The awards reflect AJIB’s strong performance and growing leadership across investment banking and securities services, reaffirming its ability to provide comprehensive solutions that meet the evolving needs of corporate, institutional, and individual clients. For more than four decades, AJIB as Jordan’s first investment bank, has played a pioneering part in the development of the Kingdom’s financial sector and capital, consistently evolving its capabilities to meet changing market demands. The recognition also highlights the Bank’s ongoing efforts to enhance its product offerings, strengthen operational capabilities, and deliver exceptional customer experience.

Commenting on the achievement, Mr. Hani Al-Qadi, Chairman of the Board of Directors, said: “We are proud to receive Global Finance’s Best Investment Bank and Best Sub-Custodian Bank awards for Jordan. These recognitions reflect the strength of our strategy, the dedication of our team, and the trust placed in us by our clients. As an institution with a longstanding legacy in Jordan’s financial sector, we remain committed to innovation, excellence, and creating sustainable value for our clients, shareholders, and the broader economy.”

AJIB continues to strengthen its position in investment banking through a comprehensive suite of corporate finance advisory, debt and equity capital raising, structured finance, mergers and acquisitions advisory, and tailored investment solutions to support clients’ strategic ambitions and growth objectives. At the same time, the Bank continues to enhance its custody and securities services, providing institutional investors with secure, efficient, and reliable access to Amman Stock Exchange through robust operational and technological infrastructure and best-practice governance and risk management frameworks.

About AJIB:

Founded in 1978 as the first investment bank in the Hashemite Kingdom of Jordan, Arab Jordan Investment Bank (AJIB) has evolved into one of the country’s leading financial institutions, providing a comprehensive range of corporate, commercial, investment, and private banking services. Through its presence in Jordan, Cyprus, Qatar, and the United Kingdom, AJIB serves individuals, corporations, and institutional clients with innovative financial solutions tailored to meet their evolving needs. The Bank also strengthens its market offering through United Arab Jordan Company for Investment & Financial Brokerage and Al Kawthar Leasing Company, reinforcing its position as a diversified financial services group committed to excellence, innovation, and sustainable growth.

 

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AliExpress and YouTube Announce Global Strategic Affiliate Partnership

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October 20, 2026

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HANGZHOU, CHINA, Oct. 20, 2026 /PRNewswire/ — AliExpress, the leading global e-commerce marketplace, today announces a global strategic affiliate partnership with YouTube. The partnership brings AliExpress’s global product selection into YouTube’s creator ecosystem, giving eligible creators access to a wide range of products to feature in their content, along with new commission-earning opportunities.

Following the launch of the collaboration in South Korea in March 2026, the partnership will expand to four markets: the United States, Brazil, the United Kingdom and Germany. Further expansion will take place in phases, in line with the rollout of YouTube’s affiliate program in new markets.

With YouTube’s recent extension of its Shopping Affiliate Program to eligible creators in Germany and the United Kingdom, the partnership will connect participating creators not only in Europe but also eventually in more parts of the world with AliExpress’s extensive product offerings. A particular focus is Brand+ — a dedicated selection of branded products from international and local brands.

Creators will be able to discover and select AliExpress products directly within YouTube Studio. The integration connects AliExpress products with YouTube’s three major content formats—long-form videos, Shorts, and livestreams—allowing creators to tag shoppable product recommendations across key moments of audience discovery and engagement.

A creator could, for example, tag a consumer electronics product in an unboxing Short or during a face-to-face livestream conversation with viewers. This gives them more ways to monetize their recommendations on qualifying sales, and allows viewers to conveniently purchase as they watch.

Creators can explore AliExpress’s products across categories such as consumer electronics, sports and outdoor, home and living, and lifestyle. Using data on bestselling and trending products, they can handpick items that resonate with their audiences. Viewers can link directly from YouTube to AliExpress to complete their purchases, bridging content and commerce seamlessly.

As content plays a growing role in product discovery, creators increasingly help audiences understand products through demonstrations, reviews and real-life use cases. The partnership advances AliExpress’s creator commerce strategy by pairing the breadth of its marketplace with the local insight and creative voices of creators in each market.

“Content and commerce are converging globally, and this partnership connects AliExpress’s affiliate ecosystem with YouTube’s creator ecosystem,” said Eric Zhang, Vice President of AliExpress. “By enabling eligible products to be discovered and tagged across videos, Shorts, and livestreams, we are creating a simpler path for products to be featured through creator content at scale—and a more direct journey for consumers from product discovery to purchase.”

Eligible YouTube creators in participating markets who meet YouTube’s channel and Shopping affiliate requirements can apply through YouTube Studio.

About AliExpress

Launched in 2010, AliExpress is a global e-commerce platform dedicated to creating a better shopping experience for hundreds of millions of consumers in more than 200 countries and regions. In addition to the English version, the AliExpress platform is available in 15 other languages. AliExpress offers a wide range of diverse shopping collections, including Brand+, which connects global consumers with modern tech, feature-rich products, and fair pricing. AliExpress is part of Alibaba International Digital Commerce Group.

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Dott announces choice of home member state in relation to its bonds admitted to trading on Nasdaq Stockholm

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October 20, 2026

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AMSTERDAM, Oct. 20, 2026 /PRNewswire/ — Tier Mobility SE (“Dott”, or the “Company”), a European stock corporation (Societas Europaea) incorporated under the laws of the Federal Republic of Germany and registered in the commercial registry of the local court (De. Amtsgericht) of Berlin-Charlottenburg under registration number HRB 236551 B, hereby announces that as of 20 October 2026, the Company has chosen Sweden as its home Member State pursuant to the Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonization of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and the Swedish Securities Market Act (2007:528) in relation to information about issuers whose securities are admitted to trading on a regulated market.

This information is information that Tier Mobility SE is obliged to make public pursuant to the EU Market Abuse Regulation.

investor-relations@ridedott.com

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