Two recent reports, one by NERA Economic Consulting, and the other by Cornerstone Research, indicate that the number of securities class actions filed by plaintiffs in the federal courts grew by approximately 9-10% in 2013 as compared with 2012. The two reports use different classification schemes, and consequently list different total numbers of filings (234 according to NERA, 166 according to Cornerstone), but they both agree that filings have risen significantly over the previous year. ...
Wage and hour settlements for US companies totaled $467 million in 2012, largely in line with previous years, according to NERA Economic Consulting's Trends in Wage and Hour Settlements: 2012 Update, released today.
The annual study analyzes cases involving allegations of current and/or former employees' unpaid work, including unpaid overtime, failure to provide meals and/or rest breaks, and off-the-clock work. NERA Trends authors have compiled a proprietary database of all wage and hour settlements...