Securities
Mar. 12, 2011
Fewer Securities Class Actions Settle
While the number of securities class-action settlements dropped to their lowest level in more than a decade, the median amount of those settlements soared by 40 percent to a record $11.3 million, according to a report released Thursday.
Daily Journal Staff Writer
SAN JOSE - While the number of securities class-action settlements dropped to their lowest level in more than a decade, the median amount of those settlements soared by 40 percent to a record $11.3 million, according to a report released Thursday.
An increasing percentage of settlements are accompanied by investigations by the U.S. Securities and Exchange Commission, according to the report, release...
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