Verdicts
Mar. 14, 2009
Value Drops In Securities Class Actions
The value of a securities class action settlement took a nosedive in 2008, dropping by more than 50 percent, according to a new study by Menlo Park-based Cornerstone Research.
Daily Journal Staff Writer The value of a securities class action settlement took a nosedive in 2008, dropping by more than 50 percent, according to a new study by Menlo Park-based Cornerstone Research. Settlements averaged $31.2 million per case in 2008 compared to $62.7 million per case in 2007. But Laura Simmons, a writer and accounting professor at The College of William & Mary Mason School of Business in Virginia,...
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