SAR : Launches Quarterly Rule 10b-5 Settlement Rates in Collaboration with ISS Securities Class Action Services (ISS SCAS)
05/07/2021 | 02:26pm EDT
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BETHESDA, Md., May 7, 2021 /PRNewswire/ -- SAR, an industry pioneer in the development of independent securities class action data analytics, today announced the launch of SAR Rule 10b-5 Settlement Rates that leverage the accurate settlement reporting and claim recovery services of ISS Securities Class Action Services (ISS SCAS).
SAR's Rule 10b-5 Settlement Rates are updated and published on a quarterly basis to enhance claim valuation transparency on filed securities class actions that allege violations of the federal securities laws under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder. SAR's independently quantified securities class action settlement rates support key industry stakeholders with the evaluation of potential settlement value throughout the lifecycle of a securities class action.