Securities Settlements In 2018 Exceed Value For All Of 2017

By Dunstan Prial (April 12, 2018, 4:21 PM EDT) -- The total value of securities class action settlements for 2018 has already far surpassed the total for all of 2017, according to recently released data, with legal experts saying the drop-off a year ago was mostly cyclical but also likely due to a dearth in high-profile fraud cases and a rising stock market.

The strong year shaping up in 2018 — with $3.5 billion in settlements so far, led by a $3 billion deal in January by Brazilian energy company Petrobras, according to figures compiled by ISS Securities Class Action Services — is good news for plaintiffs' firms that experienced a slight decline...

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