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

Klausner, Michael; Hegland, Jason

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

PLUS Journal, Vol. 23, No. 3, March 2010

5 Pages Posted: 26 Nov 2012

See all articles by Michael Klausner

Michael Klausner

Stanford Law School; European Corporate Governance Institute (ECGI)

Jason Hegland

Stanford Law School

Date Written: March 1, 2010

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

Suggested Citation: Suggested Citation

Klausner, Michael D. and Hegland, Jason, When are Securities Class Actions Dismissed, When Do They Settle, and for How Much? (March 1, 2010). PLUS Journal, Vol. 23, No. 3, March 2010, Available at SSRN: https://ssrn.com/abstract=2029358