Recent blockbusterdeals have made for severalrecord years in classaction settlements. By mid-2005, for example, the mean settlementvalue for shareholder classactions had risen to a new record of$25.8 million, up from the 2002record of $23.5 million.[FOOTNOTE 1] The importantand interesting settlements wereby no means limited to well-knownbear market cases like WorldComand Enron.
Recent class action resolutions,within the 2nd U.S. Circuit Court ofAppeals andnationwide, have come in a varietyof contexts, and are likely to have animpact for years to come.Here are some of the most notablerecent class action resolutions since2005 and eight lessons we should learnfrom them.
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