Cornerstone Research: Securities Suit Settlement Values Declined “Dramatically” in 2017

Due to the volume of smaller settlements and the absence of any jumbo settlements, the aggregate amount of securities class action lawsuit settlements declined “dramatically” in 2017 compared to the prior year, according to the latest securities suit settlement study from Cornerstone Research. According to the report, which is entitled “Securities Class Action Settlements: 2017 Review and Analysis,” in addition to the decline in the total value of settlements, average and median settlement values all also declined in 2017. The report can be found here. Cornerstone Research’s March 14, 2018 press release about the report can be found here.   According to the report, there were 81 securities class action lawsuit settlements approved in 2017, down slightly from the 85 settlements approved in 2016. The 81 settlement during 2017 is the second highest number of settlements since 2010.   The total value of the 81 settlements approved in 2017 was…

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