RiskMetrics Group’s Securities Class Action Services released yesterday its most recent SCAS Top 100 list of the largest securities class action settlements since the passage of the PSLRA. Only final settlements (approved by the court) are included.
Only one 2008 settlement has made its way into the report’s Top 20: the $1,042,500,000 McKesson HBOC Inc. settlement, which is now #9 on the list. The report indicates that the New York State Common Retirement Fund was lead plaintiff in the McKesson case, Bernstein Litowitz Berger & Grossmann and Barrack Rodos & Bacine were co-lead counsel, and Analytics Inc. served as claims administrator.
The Top 10 settlements in the report are as follows: