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Securities Class Action Settlements: An Empirical Analysis


Mukesh Bajaj


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

Atulya Sarin


Santa Clara University - Department of Finance

November 17, 2000


Abstract:     
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: K00

working papers series


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Date posted: January 29, 2001  

Suggested Citation

Bajaj, Mukesh , Mazumdar, Sumon C. and Sarin, Atulya, Securities Class Action Settlements: An Empirical Analysis (November 17, 2000). Available at SSRN: http://ssrn.com/abstract=258027 or http://dx.doi.org/10.2139/ssrn.258027

Contact Information

Mukesh Bajaj (Contact Author)
LECG, LLC ( email )
2000 Powell Street, Suite 600
Emeryville, CA 94608
United States
510-450-6736 (Phone)
University of California, Berkeley - Haas School of Business
545 Student Services Building
Berkeley, CA 94720
United States
Sumon C. Mazumdar
Law and Economics Consulting Group (LECG), LLC ( email )
2000 Powell Street, Suite 600
Emeryville, CA 94608
United States
510-450-5493 (Phone)
University of California, Berkeley - Haas School of Business
Finance Department
Berkeley, CA 94720
United States
Atulya Sarin
Santa Clara University - Department of Finance ( email )
Leavey School of Business and Administration
Santa Clara, CA 95053
United States
408-554-4953 (Phone)
408-904-4498 (Fax)
HOME PAGE: http://business.scu.edu/asarin
Feedback to SSRN (Beta)


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