Securities Class Actions Hold Steady in H1 2025 Amid Surge in Crypto and AI Cases

Securities litigation remained flat in the first half of 2025, with 114 new class-action filings—nearly identical to the 115 cases recorded in the latter half of 2024. Core filings, excluding M&A disputes, showed similar stability at 111 versus 112. Yet beneath the surface, risk metrics tell a different story. Disclosure Dollar Loss surged 56% to $403 billion, while Maximum Dollar Loss ballooned to $1.85 trillion.

Crypto-related suits emerged as a standout trend, with six filings in H1 alone—approaching 2024's full-year total of seven. Burwick Law spearheaded half these cases, including high-profile actions against Pump.fun and the LIBRA meme token. The uptick persists despite relaxed federal enforcement under the new administration, signaling enduring investor scrutiny of digital assets.