Private Class Actions Plummet in 2005: Report

Law360, New York (May 1, 2006, 12:00 AM EDT) -- The number of private securities litigation cases filed in the United States decreased in 2005 to the lowest level in nine years, while the value of settlements skyrocketed more than 150%, according to a recent study.

Although the number of class actions subsided, the study shows settlement values rose by a stunning 156% from an average value of $27.8 million in 2004 to an average of $71.1 million in 2005, excluding settlements stemming from both the Enron and WorldCom scandals.

The total of 168 cases reported...
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