In a remarkable year of class action activity, investors across the globe agreed to settlements totaling over $7.4 billion[1] in 2022, a greater than 75% increase from 2021….
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Of the top ten U.S. settlements listed, three occurred in the Southern District of New York, while two occurred in the Northern District of California. Five other court venues were represented by one settlement each. Nine of the top ten U.S. settlements occurred in a federal court, while only one of the ten was resolved in a state court. All of the cases on this top ten list also settled after years of litigation, including some which resolved on the eve of trial.
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‘Enforcement 40’ for 2020
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