The Top 100 Settlements 2021
The world continued to navigate the Coronavirus (“COVID-19”) throughout 2021 as the pandemic reached every area of the world and has changed the way organizations manage their day-to-day businesses. The pandemic’s global turmoil over the last two years has even impacted investor opportunities in the ability to address allegations of fraud against publicly traded companies.
Top 100 Class Action Settlements 2020
The world was truly turned upside down in 2020 when the novel Coronavirus (“COVID-19”) became the world’s deadliest pandemic in more than a century. The global turmoil over the last year also affected investor opportunities to address allegations of fraud against publicly traded companies.
The Top 50 Plaintiff Law Firms of 2020
A comprehensive listing of the top 50 plaintiff law firms ranked by the total
cash amount of final North American securities class action settlements
occurring in 2020.
The Beneficial Owner
Well versed in claims filing for over fifteen years, ISS Securities Class Action Services (ISS SCAS), along with other third-party filers, has experienced new challenges due to a seemingly new requirement on
the part of law firms and claim administrators for precise beneficial owner information. Previously, claim administrators accepted the account name and account number to begin processing claims without requiring the beneficial owner information specifically.
Top 50 Plaintiff Law Firms 2019
For calendar year 2019, ISS Securities Class Action Services LLC (ISS SCAS) recorded 116 approved securities class action settlements within North America. Collectively, 2019 yielded $3.21 billion in settlement funds for distribution, a marked decrease from the $6.1 billion recovered in 2018. However, the number of newly-filed cases in 2019 rose dramatically
The Top 100 Settlements 2018
For calendar 2018, ISS Securities Class Action Services LLC (“SCAS”) recorded 126 approved securities class action settlements, four (4) of which are included in SCAS’ Top 100, which charts the largest U.S. class action settlements since passage of the Private Securities Litigation Reform Act of 1995. The four new entrants into the Top 100 are:
The Uncertain Role of IPO’s in Class Actions
Though IPO-related class actions accounted for just four percent of all securities class actions over the
past decade, according to ISS Securities Class Action Services (SCAS) data, much ink has been spilled in recent months over whether the U.S. Securities and Exchange Commission (SEC) might bar IPO-related
lawsuits in lieu of arbitration. Supporters of arbitration argue that it would eliminate frivolous shareholder litigation and provide a more efficient way for investors to seek redress.
Top 25 Canadian Settlements 2018
Securities class action lawsuits were first permitted in Canada in 1978 when the province of Quebec ushered in new legislation that eased the ability to file. Since then, the country’s other provinces and territories with financial centers followed suit.
Top 50 Plaintiff Law Firms 2018
For calendar year 2018, ISS Securities Class Action Services LLC (ISS SCAS) recorded 136 approved securities class action settlements within North America. Collectively, 2018 delivered $6.1 billion in
settlement funds for distribution, a significant 190 per cent increase from the $2.1 billion recovered in 2017 (this annual total was the lowest yearly amount since the early 2000’s).
Top 100 Settlements 2017
For calendar 2017, Securities Class Action Services LLC (“SCAS”) recorded 162 approved securities class action settlements, two of which are included in SCAS’ Top 100, which charts the largest U.S. class action settlements since passage of the Private Securities Litigation Reform Act of 1995. Collectively, 2017
delivered $2.2 billion in settlement funds for distribution. While the volume of settlements greater than $100 million was low, new cases filed in 2017 were significantly higher than the previous year.