US courts last year approved the highest number of securities class action settlements since 2010, data from Cornerstone Research has revealed.
There were 85 approved settlements in 2016, five more than in 2015. Both years marked a substantial increase over the annual numbers from 2011 to 2014.
As reported in Securities Class Action Settlements - 2016 Review and Analysis, the $6bn of approved settlements was nearly double the total settlement value in 2015.
The increase was driven by 10 large...
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