In this report, ISS SCAS reviews the securities-related settlements of 2022 and ranks the Top 50 plaintiffs’ securities firms by aggregate settlement amount achieved for shareholders. For the calendar year 2022, ISS Securities Class Action Services (ISS SCAS) recorded 143 approved securities class action settlements within North America. Collectively, 2022 delivered $4.87 billion in settlement funds for distribution, an increase of 37.2 percent from the $3.55 billion recovered in 2021. 

The top five recorded North American settlements from 2022 were as follows: 

• Twitter, Inc. – $809,500,000 
• Teva Pharmaceutical Industries Ltd. – $420,000,000 
• Luckin Coffee, Inc. – $175,000,000 
• BlackBerry Ltd. – $165,000,000 
• NovaStar Mortgage, Inc. – $165,000,000