The dollar amounts of federal securities class action settlements reached record highs in 2006, two industry surveys have reported.
Securities Class Action Services (SCAS) estimates that the total was $18 billion, about $1 billion higher than a finding by Cornerstone, whose count topped its 2005 figure by $3.5 billion — an increase of more than 300 percent.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]