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NOTES
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The Securities Class Action Clearinghouse takes no position regarding the merits of individual claims.

Copyright © 2002
Cornerstone Research

Post-Reform Act Securities Case Settlements

2001: A YEAR IN REVIEW

This review reports on ninety-six securities case settlements occurring in year 2001 with comparisons to 207 Post-Reform Act cases settled during 1996-2000. [1]

Overall median and average settlement sizes declined in 2001, compared with prior Post-Reform Act settlements. However, the distribution of settlement values was similar to that of Post-Reform Act settlements in prior years, with settlements most frequently ranging from $1 million to less than $5 million.

In spite of the increase in extremely large settlements in recent years, for cases settling in 2001 and for all Post-Reform Act cases settled to date, over 65% of the settlements have totaled less than $10 million.

For additional information on settlement values by the nature of allegations, industry, court circuit and defendants, click here for our complete analysis.

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[1] Cases are limited to those including allegations of fraudulent inflation in the price of a corporation’s common stock, as identified from the Securities Class Action Alert (SCAA).