Securities class action litigation has been lucrative for plaintiffs attorneys in the years following the financial crisis. Shareholders squeezed during the Great Recession have gotten some blockbuster settlements after 2008, but it looks like 2014 may signal the end of big paydays for these plaintiffs.
The latest iteration of an annual report by legal and regulatory consulting firm Cornerstone Research shows that in 2014 total settlement dollars paid out in these cases have reached a 16-year low. “It’s been a very unusual year,” Laura Simmons, a senior adviser at Cornerstone and one of the report’s authors, told CorpCounsel.com.
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