SECURITIES CLASS ACTION SETTLEMENTS 2024 Review and Analysis The number of securities class action settlements increased slightly in 2024 while the size of those settlements declined
The report found that the number of securities class action settlements in 2024 increased to 88, up 6% compared to the 83 settlements in 2023. The median settlement amount ($14 million) declined from the 13-year high in 2023, but remained at a historically high level compared to the past decade. The total ($3.7 billion) and average ($42.4 million) settlement amounts also declined year-over-year by 8% and 13%, respectively.
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SECURITIES CLASS ACTION FILINGS 2024 Year in Review AI-related filings more than double and 1933 Act filings continue to decline
The report found that the number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings more than doubling from the previous year. Plaintiffs filed 225 securities class action lawsuits in federal and state courts in 2024, up from 215 filings in 2023. The number of "core" filings—those excluding M&A filings—reached 220, 14% higher than the 1997–2023 historical average of 193.
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