The number of filings is irrelevant: I can sue NASA for not building a space station on the moon, it doesn’t mean it won’t be thrown out. The article is paywalled so I can’t see if it reports the number that actually matters, i.e. wins.
From the same article: “Of cases filed from 1997 to 2016, according to Cornerstone, 48% have been settled, 42% have been dismissed and 10% are continuing.“ It later says median settlements range from $2.6 to $13.9 million depending on how far the suit gets and how established the firms are. Another interesting thing was that, recently, most of these suits come from individuals rather than institutional investors.
