Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Class action settlements value plummets in 2017: Cornerstone
- 20 March 2018
The value of securities class action settlements fell by 76 percent to nearly $1.5bn in 2017, the second-lowest level in the past decade, according to Cornerstone Research.
In addition, for the first time in more than five years, there were no settlements for more than $250mn, the consulting firm said.
However, while the 81 securities class action settlements approved by a court in 2017 did not match 2016's total of 85, they did represent the second-highest amount recorded since 2010...
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