US securities class action settlements hit 4-year high

US courts last year approved the highest number of securities
class action settlements since 2010, data from Cornerstone Research
has revealed.
There were 85 approved settlements in 2016, five more than in
2015. Both years marked a substantial increase over the annual
numbers from 2011 to 2014.
As reported inSecurities Class Action Settlements - 2016 Review and Analysis,
the $6bn of approved settlements was nearly double the total
settlement value in 2015.
The increase was driven by 10 large...