Class Actions represent significant challenges for corporations, their officers and directors. These challenges are heightened by increasing globalization and economic integration. In Part II of this article on the consequences for corporate directors and officers of globalization and increased economic integration, trends in transnational securities class actions, including strategic concerns such as certification of global and national classes, document production issues and the impact of regulatory proceedings, are examined. Published in Corporate Liability Journal, Vol. 16, No. 2.