{"id":5294,"date":"2012-03-24T00:00:00","date_gmt":"2012-03-24T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/03\/institutional_investor_fraud_r"},"modified":"2022-04-28T10:56:03","modified_gmt":"2022-04-28T15:56:03","slug":"institutional-investor-fraud-r","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r\/","title":{"rendered":"Institutional Investor Fraud Roundup: Decline in Securities Class Action Settlements, ESMA Recognizes US Credit Rating Agency Framework, and Court Dismisses Securities Lawsuit Against Mecox Lane"},"content":{"rendered":"<p>According to a report published by Cornerstone Research, there has been a decline not just in the number of securities class action settlements that the courts have approved, but also in the value of the settlements. There were 65 approved class action settlements for $1.4 billion in 2011, which, per the report, is the lowest number of settlements (and corresponding dollars) reached. That\u2019s 25% less than in 2010 and over 35% under the average for the 10 years prior. The report analyzed agreed-upon settlement amounts, as well as disclosed the values of noncash components. (Attorneys\u2019 fees, additional related derivative payments, SEC\/other regulatory settlements, and contingency settlements were not part of this examination.)<\/p>\n<p>The average reported settlement went down from $36.3 million in 2010 to $21 million last year. The declines are being attributed to a decrease in \u201cmega\u201d settlements of $100 million or greater. There was also a reported 40% drop in media \u201cestimated damages,\u201d which is the leading factor in figuring out settlement amounts. Also, according to the report, over 20% of the cases that were settled last year did not involve claims made under the 1934 Securities Exchange Act Rule 10b-5, which tends to settle for higher figures than securities claims made under Sections 11 or 12(a)(2).<\/p>\n<p>Our <a href=\"https:\/\/www.securities-fraud-attorneys.com\/\">securities fraud law firm<\/a> represents institutional investors with individual claims against broker-dealers, investment advisors, and others. Filing your own securities arbitration claim\/lawsuit and working with an experienced <a href=\"https:\/\/www.securities-fraud-attorneys.com\/\">stockbroker fraud lawyer<\/a> gives you, the claimant, a better chance of recovering more than if you had filed with a class.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r\/\"  title=\"Continue Reading Institutional Investor Fraud Roundup: Decline in Securities Class Action Settlements, ESMA Recognizes US Credit Rating Agency Framework, and Court Dismisses Securities Lawsuit Against Mecox Lane\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a report published by Cornerstone Research, there has been a decline not just in the number of securities class action settlements that the courts have approved, but also in the value of the settlements. There were 65 approved class action settlements for $1.4 billion in 2011, which, per the report, is the lowest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3804,3845,3817,3741,3755],"tags":[],"class_list":["post-5294","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits","category-credit-rating-agencies","category-credit-suisse","category-securities-fraud","category-ubs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Institutional Investor Fraud Roundup: Decline in Securities Class Action Settlements, ESMA Recognizes US Credit Rating Agency Framework, and Court Dismisses Securities Lawsuit Against Mecox Lane &#8212; Investor Lawyers Blog &#8212; March 24, 2012<\/title>\n<meta name=\"description\" content=\"According to a report published by Cornerstone Research, there has been a decline not just in the number of securities class action settlements that the &#8212; March 24, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/institutional-investor-fraud-r\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Institutional Investor Fraud Roundup: Decline in Securities Class Action Settlements, ESMA Recognizes US Credit Rating Agency Framework, and Court Dismisses Securities Lawsuit Against Mecox Lane &#8212; Investor Lawyers Blog &#8212; March 24, 2012\" \/>\n<meta name=\"twitter:description\" content=\"According to a report published by Cornerstone Research, there has been a decline not just in the number of securities class action settlements that the &#8212; March 24, 2012\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Institutional Investor Fraud Roundup: Decline in Securities Class Action Settlements, ESMA Recognizes US Credit Rating Agency Framework, and Court Dismisses Securities Lawsuit Against Mecox Lane &#8212; 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