ISS Report on the Top 100 Settlements in Shareholder Litigation

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.

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