Traders Magazine
ISS Securities Class Action Services – New Report Highlights $3.26 Billion in 2020 U.S. Settlements
The world was truly turned upside down in 2020 when the novel Coronavirus became the world’s deadliest pandemic in more than a century. The global turmoil over the last year also affected investor opportunities to address allegations of fraud against publicly traded companies.
With different environmental and health factors affecting global economics, United States Federal and State Courts adapted quickly to the new norms and remained adamant in performing its functions. Despite the dramatic decline in newly filed cases of investor complaints in both Federal and State courts throughout 2020, the quantity of traditional class action settlements remained steady, while the settlement amounts increased nominally by 3 percent from $3.17 billion in 2019.