Where there’s an increase in large, complex settlements in investor lawsuits, one can expect a concurrent increase in activity in the asset recovery community. 

That’s precisely what happened in 2022 according to Steve Cirami, the head of the class action team at fintech company Broadridge—a group that helps institutional investors including hedge funds, pensions, asset managers, and broker-dealers track litigation and navigate the claims process. Last year was the busiest Broadridge has seen in years, with 21% more filing deadlines year-over-year and a total settlement pool 142% larger than in 2021.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]