Extract: Total settlement dollars in U.S. securities-related class actions where final approval was granted in the year 2024 were down from 2023. Nonetheless, these same settlements were still an important source of recovery for investors. Indeed, in the U.S. alone, $4.75 billion was secured in securities-related class action settlements for eligible class members in 2024. While this figure was down 18% from 2023, this fact says more about the strength of 2023 opposed to any weakness of 2024. Significantly, ISS Securities Class Action Services (“ISS SCAS”) previously hailed 2023 as a “banner year,” because there were two billion-dollar settlements that year. So, ISS SCAS believes that 2024 was still a robust year for recoveries.

As a testament to the strength of 2024, ISS SCAS verified 136 approved monetary securities-related class action settlements in the United States in 2023, a 7% increase.

Author:
Donald Grunewald
Director of Litigation Analysis