All-Time Top Securities Settlements Boosted By Record 2016

Law360, New York (June 13, 2017, 9:06 PM EDT) -- A new report ranking the largest-ever securities class action settlements shows securities attorneys were busy last year, reaching 13 settlements that landed in the top 100 deals of all time and resulted in the largest total settlement amount of any single year.

The report, published Monday by ISS Securities Class Action Services, ranks the top 100 shareholder suit settlements ever reached in the United States before the end of 2016. Dominating the list is Enron Corp.'s $7.2 billion payout to shareholders, finalized in 2010 in Texas federal court, well ahead of the $6.2 billion settlement runner-up WorldCom Inc. finalized in New...

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