Following a banner year for high-dollar securities class action settlements in 2016, plaintiffs lawyers who represent investors in such cases had a less lucrative 2017, with settlement values and legal fees dropping to lows not seen in more than a decade, economic consulting firm NERA said in a new report.

NERA Economic Consulting released its year-end review of trends in securities class actions on Monday, reporting that the average settlement value for securities suits was $25 million in 2017—less than half what it was in 2016. When adjusted for inflation, the average settlement value in 2017 was the lowest that figure has been since 2001, NERA said.

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