Securities class action settlements total lowest in a decade

PwC report finds settlement total for 2012 is the lowest since 2002

A new study from PricewaterhouseCoopers (PwC) found that the total federal securities class action settlement amount for 2012 hit a decade low.

According to the report, investors receive $2.3 billion in securities class action settlements last year, which is the lowest total amount since 2002. In sum, plaintiffs filed 172 securities class actions last year, the lowest amount since 2009. The second half of 2012 saw 21 percent fewer cases filed than the first half.

Ashley Post

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