Below is an excerpt from the Battea 2017 Securities Class Action Industry Lookback and Observations whitepaper. Click here to download the full whitepaper.
There has been incredible growth in securities and antitrust class action litigations and settlements, particularly as they have unfolded in 2016 and 2017. The number of new cases and settlements from traditional securities litigation to antitrust rate rigging, spread inflation and other forms of collusion are at an all time high and show no signs of slowing down.
With several multi-billion dollar litigations related to Libor, Euribor, and Tibor rates, and spread manipulations, the securities, foreign exchange and antitrust class and collective actions litigation space rose exponentially in 2017.
Over the past few years, the number of Federal securities class action filings has risen by more than 172 percent across the U.S.
In 2017 alone, 120 settlements were announced with settlement funds totaling more than $2.7 billion.
Total findings include merger objection-related cases, which have increased significantly in federal courts over the past few years.
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Vice President – Sales
Battea Class Action Services, LLC.
C 516 987 6006