ISS Releases Updated Top 100 U.S. Securities Suit Settlements List

Prior observers have already noted that in 2017 the value of securities class action lawsuit settlements plunged to lows not seen in years, largely due to from a shortage of large or even moderate settlements. These observations about the lack of larger settlement are underscored by the latest large securities suit settlement report from Institutional Shareholder Services (ISS). In its annual report, entitled “The Top 100 U.S. Class Action Settlements of All Time (as of December 31, 2017)” (here), ISS reports that only two securities class action lawsuit settlements approved during 2017 were large enough to make the Top 100 list. The report has a number of other interesting observations about securities suit settlements as well.   According to the report, there were 162 securities class action lawsuit settlements approved in 2017, representing an aggregate total of $2.2 billion in settlement funds for distribution. Of these 162 settlements, two made the ISS…

Read more detail on Recent Corporate Law Department posts –

This entry was posted in Corporate Law and tagged , , , , , , . Bookmark the permalink.

Leave a Reply