Securities Class Action Settlements: An Empirical Analysis
LECG, LLC; University of California, Berkeley - Haas School of Business
Sumon C. Mazumdar
Law and Economics Consulting Group (LECG), LLC; University of California, Berkeley - Haas School of Business
Santa Clara University - Department of Finance
November 17, 2000
Plaintiffs, defendants, policymakers and scholars are often interested in trends in settlements of securities class action lawsuits. In this paper, we present descriptive statistics of the most comprehensive database of settlements of securities class actions categorized by several aspects of the case or the plaintiff law firm involved in the lawsuit. We also compare certain settlements statistics prior to and subsequent to the passage of the Private Securities Litigation Reform Act of 1995 (PSLRA) through December 31, 1999. We report settlements as both the cash value of the settlements and relative to two different measures of plaintiff style damage estimates.
Number of Pages in PDF File: 33
JEL Classification: K00working papers series
Date posted: January 29, 2001
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo5 in 0.718 seconds