ISS has updated its annual report on shareholder litigation. The data in the report is broken down by size of settlement, counsel, administrator, and plaintiffs. From the summary:
Two of the settlements in 2021 delivered significant settlement amounts to be included within this Top 100 publication of largest U.S. settlements of all-time. These two class actions include:
- Valeant Pharmaceuticals International, Inc. – $1.21 Billion
- Snap, Inc. – $187.5 Million
ISS Securities Class Action Services verified 116 approved monetary class action settlements in the United States. These cases amounted to $3.51 billion of settlement funds available for distribution to eligible members of the settlement classes…Despite the continued decline in newly filed cases of investor complaints – in both Federal and State courts – the quantity of traditional class action settlements increased by 17.2 percent from 99 in 2020, while the settlement amounts increased by 7.6 percent from $3.26 billion in 2020.