{"id":856,"date":"2011-03-31T18:05:27","date_gmt":"2011-03-31T18:05:27","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2011\/03\/number_of_securities_class_act"},"modified":"2022-03-09T16:05:15","modified_gmt":"2022-03-09T22:05:15","slug":"number-of-securities-class-act","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/number-of-securities-class-act\/","title":{"rendered":"Number of Securities Class Action Settlements Reached in 2010 Hit Lowest Level in a Decade, Says Report"},"content":{"rendered":"

\t\t\t\tPer a new study by Cornerstone Research Inc., 86 securities class action settlements <\/a>were approved in 2010-that’s significantly less than the 101 securities class action settlements that the courts approved in 2009. The settlements for last year’s cases totaled $3.1 billion. In 2009, the settlements reached $3.8 billion.<\/p>\n

One reason for this may be that some securities class action lawsuits, including a number of complaints related to the 2007 \u2013 2009 financial collapse, are taking a longer time to settle because they are likely more complex. Close to 200 securities class actions related to the credit crisis have been filed. Largest settlements under consideration include:<\/p>\n

$624M – Countrywide Financial Corp.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Per a new study by Cornerstone Research Inc., 86 securities class action settlements were approved in 2010-that’s significantly less than the 101 securities class action settlements that the courts approved in 2009. The settlements for last year’s cases totaled $3.1 billion. In 2009, the settlements reached $3.8 billion. One reason for this may be that […]<\/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],"tags":[],"class_list":["post-856","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits"],"yoast_head":"\nNumber of Securities Class Action Settlements Reached in 2010 Hit Lowest Level in a Decade, Says Report — Investor Lawyers Blog — March 31, 2011<\/title>\n<meta name=\"description\" content=\"Per a new study by Cornerstone Research Inc., 86 securities class action settlements were approved in 2010-that's significantly less than the 101 — March 31, 2011\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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