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.
Securities Class Action Settlements
2023 Review and Analysis
Securities Class Action Settlements
The number of securities class action settlements declined 21% in 2023 relative to 2022, following the 15-year high set in 2022.
2022 Review and Analysis
Securities Class Action Settlements
Our most recent report found that the number of securities class action settlements increased to a 15-year high in 2022, with a similarly dramatic increase in the total dollar value of settlements. Median “simplified tiered damages” also reached a record high.
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.
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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.