When are Securities Class Actions Dismissed, When Do They Settle, and for How Much?

Abstract

This article provides basic descriptive statistics on the outcomes of securities class actions. We provide data on how many dismissals without prejudice courts permit, rates of dismissal with prejudice, and the timing of settlements with respect to motions to dismiss, motions for summary judgment and trial. We also provide descriptive statistics on the duration of discovery and how settlement size and settlement timing are related to on another.

Keywords: Securities class action, settlement

JEL Classification: G38, K22