ACCOUNTING CLASS ACTION FILINGS AND SETTLEMENTS 2022 Review and Analysis Total Value of Settlements in Accounting-Related Securities Class Actions Rises in 2022
The total value of settlements in securities class actions involving accounting allegations grew substantially in 2022, spurred by an increase in settlement volume and amounts. The report also found a slight year-over-year increase in the number of accounting-related case filings, although the volume was still well below the historical average.
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SECURITIES CLASS ACTION SETTLEMENTS 2022 Review and Analysis Number of Securities Class Action Settlements Reaches Highest Level in 15 Years
The number of securities class action settlements increased to a 15-year high in 2022, coming off a record 2021 that had seen settlements reach their highest point in more than 10 years, according to a new report released today by Cornerstone Research. The report also found similarly dramatic increases in the total dollar value of settlements and median settlement amount, “simplified tiered damages,” and total assets of defendant issuers.
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