When It Comes To Recovering on Securities Class Actions, More Money Means More Complexity
Please forgive us as we paraphrase the late, great economic philosopher The Notorious B.I.G.
May 20, 2021 at 07:30 AM
8 minute read
In the securities class action world, the settlements just keep getting bigger. And for folks on the receiving end of those settlements, the recovery opportunities just keep getting more complicated.
That's according to the latest report on securities class action recovery opportunities from Broadridge, a fintech company that helps track litigation and navigate the claims process for institutional investors including hedge funds, pensions, asset managers, and broker-dealers. Broadridge, which tracked more than 150 new settlements totaling more than $6 billion last year, for the second year ranked what it considers the year's 10 most complex recovery opportunities. Those top 10 alone totaled $3.4 billion. To paraphrase the late, great economic philosopher The Notorious B.I.G., when it comes to class action asset recovery opportunities, more money means more complexities.
The Litigation Daily once again caught up with Steve Cirami, the head of Broadridge's class action team and a former litigator at King & Spalding and Clifford Chance, to discuss the findings of the annual surveys. The following has been edited for length and clarity.
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