For calendar 2018, ISS Securities Class Action Services LLC (“SCAS”) recorded 126 approved securities class action settlements, four (4) of which are included in SCAS’ Top 100, which charts the largest U.S. class action settlements since passage of the Private Securities Litigation Reform Act of 1995. The four new entrants into the Top 100 are:
Petroleo Brasileiro S.A. (Petrobras) – $3 billion;
Wells Fargo & Company – $480 million;
Allergan, Inc – $250 million; and
Wilmington Trust Corp – $210 million.
via The Top 100 U.S. Class Action Settlements of All Time as of December 2018 – ISS.
