Securities Class Action Settlements


Cornerstone Research conducts research based on a database of settlements for cases filed after the passage of the Private Securities Litigation Reform Act of 1995 (PSLRA or Reform Act. Our research applies regression analysis to examine the relationship between settlement outcomes and certain security case characteristics. Our yearly report discusses these findings and trends in securities class action settlements.

2021 Review and Analysis

Securities Class Action Settlements

Our latest report found that the number of securities class action settlements reached a 10-year high in 2021, but the combined dollar amount of all settlements and the median settlement value fell to their lowest levels since 2017.

2020 Review and Analysis

Securities Class Action Settlements

This report shows that despite the unprecedented economic disruption that the COVID-19 pandemic caused in 2020, settlements in securities class actions generally continued at a pace typical of recent years.


  • Boston

Laarni T. Bulan


  • Washington

Laura E. Simmons

Senior Advisor

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If you have any questions about this research or are looking for a previous version of this report, contact us for assistance.

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