Securities Litigation Trends Climbing
The overall dollar value of securities litigation settlements appears to be on pace to equal or exceed the level reported last year, with settlements totaling $1.5 billion so far this year, according to a PricewaterhouseCoopers analysis.
In a recent report by the New York office of the professional services firm, PwC identified 60 settlements in the first seven months of 2003, totaling $1.5 billion. For all of 2002, the total value of the 107 settlements in 2002 was roughly $2.1 billion, according to the analysis.
For the first seven months of this year, the average settlement value for the 60 cases equaled $25.1 million. In 2002, the average settlement value was $19.9 million.
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