Investor Settlements Saw Lull In '19 But Big Deals Are In Sight
Law360 (February 19, 2020, 10:33 PM EST) -- Only two investor deals finalized last year were big enough to crack the top 100 largest U.S. securities class action settlements, according to recently released data, but several big deals may join their ranks in 2020.
In a report put out Tuesday, ISS Securities Class Action Services ranked Cobalt International Energy investors’ $389.6 million resolution of claims and Alibaba Group Holding investors' $250 million settlement 43rd and 69th, respectively, among the highest-value securities class action settlements filed in U.S. courts since Congress reformed the law surrounding this type of litigation in 1995.
The two additions to the list come after 2018...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!