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Securities Class Action Settlements: An Empirical AnalysisMukesh BajajLECG, LLC; University of California, Berkeley - Haas School of Business Sumon C. MazumdarLaw and Economics Consulting Group (LECG), LLC; University of California, Berkeley - Haas School of Business Atulya SarinSanta 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 seriesDate posted: January 29, 2001Suggested CitationContact Information
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