Opt-Out Strategy Embraced In Securities Settlements: Report

Law360, New York (November 19, 2013, 9:43 AM EST) -- Plaintiffs are more likely to bring opt-out lawsuits in larger securities class action settlements, but the decision to opt-out could have important consequences for defendants and smaller investors, according to a report released Tuesday by Cornerstone Research and Latham & Watkins LLP.

In a “first-ever” quantitative analysis of the characteristics of opt-out securities cases, the report's authors Amir Rozen and Joshua B. Schaeffer of Cornerstone and Christopher Harris of Latham & Watkins found that 53 percent of class settlements of at least $500 million had at...
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