Last year was a big one for high-dollar settlements in securities class actions—and for the plaintiffs lawyers representing investors, who took in nearly $1 billion in legal fees and expenses in connection with settlements finalized in 2016.
Settlements in 13 securities class actions that came to points of resolution in 2016 made it onto an annual list of the top 100 securities settlements of all time, according to a report released on June 14 by Securities Class Action Services, a division of Institutional Shareholder Services Inc. That’s a record, ISS said, “resulting in the largest approved settlement fund of any single year.”
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