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Settlement amounts in securities class actions hit a record high in 2004, totaling $5.5 billion in 118 cases, according to a new national survey. The amounts are up from just above $2 billion in total settlement amounts and 96 total cases in 2003, according to Cornerstone Research, a national economic consulting firm that conducts the annual study. A reason for the jump in settlement amounts is the significant market decline in 2000, said Laura Simmons, a co-author of the study.
March 18, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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