Securities class action settlement amounts increased in 2012

Despite drop in overall settlements, settlement amounts were up last year

Even though the number of securities class action settlements decreased in 2012, the settlement amounts were larger than they were in 2011.

According to a new report from Cornerstone Research, last year’s 53 court-approved securities class action settlements were the lowest amount of such settlements in 14 years. Despite that, total settlement amounts increased by more than 100 percent in 2012 compared with 2011, with the number of settlements amounting to more than $100 million accounting for nearly three-quarters of all settlement dollars.

Ashley Post

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