New Research Finds “Mega” Settlements Boosted Average Price Tag on 2020 Securities Suit Settlements
A new report, “Securities Class Action Settlements: 2020 Review and Analysis,” released by Cornerstone Research highlights the increase in average securities settlements from 2019 to 2020.
According to an analysis of the report done by Kevin LaCroix in the D&O Diary, the total of all 2020 securities suit settlements doubled compared to the 2019 total. This increase is largely as a result of several “mega” settlements over $100 million, according to the report.
The 2020 settlements included two settlements over the $1 billion mark: the $1.21 billion settlement in the Valeant Pharmaceuticals securities suit, and the $1.025 settlement in the American Realty Capital securities suit.