Owing to a number of larger settlements, the average securities class action settlement amount in 2013 rose, while at the same time the median settlement amount declined, according to a study of the securities suit settlements from Cornerstone Research. The study also reports that the number of settlements and the aggregate dollar value of all settlements also rose during the year. The report, which is entitled “Securities Class Action Settlements: 2013 Review and Analysis,” can be found here. Cornerstone Research’s March 27, 2014 press release about the study can be found here.

 

According to the report, there were 67 securities class action settlements that received court approval during 2013 (up from 57 in 2012). The aggregate dollar value of the 2013 settlements was $4.773 billion, which represented a 46 percent increase over 2012 and which also was the highest annual total dollar value over the last six years.

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Tags: class action settlements, Cornerstone Research, Cornerstone Research Releases, Securities Class Action Settlements, Securities Class Action Settlements Analysis