Investors each year have lost an average of $39 billion from securities class action lawsuits to collect only about $5 billion in settlements per year since the enactment of the Private Securities Litigation Reform Act in 1995, according to a U.S. Chamber Institute for Legal Reform (ILR) study released Friday.
During the past 18 years, the suits cost shareholders at least $701 billion, while they only recovered about $90 billion, says "Economic Consequences: The Real Costs of U.S. Securities...
