NU Online News Service, March 15, 1:59 p.m. EDT
The number of securities class-action settlements fell nearly 25 percent in 2011 compared to 2010, and the total dollar value of settlements fell by 58 percent to $1.4 billion, according to Cornerstone Research.
Cornerstone Research, in its “Securities Class Action Settlements: 2011 Review and Analysis” report, says the decline in the number of settlements is one of the largest year-over-year declines, matching the near-25 percent decline in 2006 relative to 2005.
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