Securities class action settlement trends show fewer cases settling last year but for dollar amounts comparable to earlier years. The number of securities class actions with a parallel SEC enforcement action declined while those with a derivative suit increased.
Tag: settlements
THE STAKES GET HIGHER
Judge Rakoff, in a December 27, 2011 order, denied the Commission’s request for a stay of his order directing SEC v. Citigroup Global Markets, Inc., Case No. 11 Civ 7387 (S.D.N.Y.) to trial. That order, which followed the refusal of …