Securities Class Action Settlements
The number and value of securities class action settlements decreased in 2010, according to Securities Class Action Settlements—2010 Review and Analysis, a report by Cornerstone Research. There were 86 settlements in 2010, a 15% decrease from 2009. While the value of settlements declined to $3.1 billion from $3.8 billion in 2009, the median settlement amount increased from $8.0 million in 2009 to $11.3 million in 2010.