Cornerstone Research: Securities Suit Settlement Size Increased in 2018

Aggregate, average and median securities class action lawsuit settlement amounts all rose in 2018, according to the latest report from Cornerstone Research. The 2018 total settlement amount of just over $5 billion dollars is substantially higher than the prior year total and in fact is the third-highest total in the past 10 years. The $5 billion total was driven by a small number of very large settlements. The Cornerstone Research report, which is entitled “Securities Class Action Settlements: 2018 Review and Analysis” can be found here. Cornerstone Research’s March 26, 2019 press release regarding the report can be found here.   Total Settlement Amounts There were 78 securities class action settlements approved in 2018, down slightly from the 81 settlements approved in 2017. But while the number of settlements during the year was down slightly, the total settlement value of $5.064 billion was more than three times above the near record low total…

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