NEW YORK–The cost of federal securities class action settlements this year is averaging $80.3 million, and the number of suits filed this year is expected to exceed last year by more than 33 percent, a new report finds.

The data in PricewaterhouseCoopers Securities Litigation Mid-Year Update was unveiled yesterday at a New York briefing.

Grace Lamont, a partner in the PwC office doing corporate and forensic investigations, noted there were 106 federal securities class actions last year and this year through September there have already been 104 filed, so the company is projecting a final figure of 139 suits.

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