Securities Settlement Values Fell By Over 50% In '08

Law360, New York (March 11, 2009, 12:00 AM EDT) -- The average value of securities class action settlements fell by more than half in 2008, due mostly to a decreasing number of multibillion-dollar “mega settlements” during the course of last year, while the actual number of settlements slipped by a smaller amount, according to a report released Wednesday.

Last year, the average settlement value of securities class actions came in at $31.2 million in 2008, a steep drop from the 2007 level of $62.7 million, according to the report by Cornerstone Research, Securities Class Action Settlements:...
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