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Class Action Settlements Reach High In 2006: Report

Law360 (January 25, 2007, 12:00 AM EST) -- Class action settlements reached all-time highs in 2006, thanks to significant payments in mega-class action cases, especially in the financial services industry, according to a report published by Seyfarth Shaw LLP’s employment attorneys.

The firm’s Annual Workplace Class Action Litigation Report, published on Jan. 22, 2007, analyzed rulings in 407 federal and state class actions nationwide, and ranked the top 10 settlements in government- and plaintiff-initiated class actions.

In the plaintiff-initiated cases, the report ranked the top 10 settlements for employment discrimination class actions, ERISA class...
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