ISS Securities Class Action Services (ISS SCAS) released its annual Top 50 report, which ranks the top 50 plaintiffs’ law firms for total value of recoveries in final securities class action settlements.

The SCAS Top 50 report is based upon North American settlement data from SCAS’ proprietary database and a review of 136 court approved settlements during 2018. Collectively, only 123 cases had results with monetary shareholder recoveries totaling $6.1 billion; a 190 per cent increase over 2018. Of the 50 ranked law firms, two surpassed $1 billion in recoveries, while 12 law firms achieved more than $100 million.