Securities Settlements Rising, But Total Value Falling

Law360, New York (March 31, 2008, 12:00 AM EDT) -- The number of securities class actions that settled last year rose 21%, although the total value of those settlements dropped 60%, according to a report released Monday.

The report, conducted by research firm Cornerstone Research, found that there were 111 class action securities settlements in 2007, up from 92 in 2006. However, the total value of those settlements fell from $17.2 billion in 2006 to $7 billion in 2007.

Most of the drop in value could be attributed to the Enron case, which settled for $7.2...
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