PWC Releases 2009 Securities Litigation Study

PriceWaterhouseCoopers released its 2009 Securities Litigation StudyDownload PWC2009ClassActionStudy recently.  It finds a drop in the total number of federal filings (155 filings in 2009, compared to 210 in 2008) as well as a drop in financial-crisis-related filings (51 financial-crisis-related filings in 2009, compared to 99 in 2008). Financial services, however, continues to be the most frequently sued industry.  A total of 93 settlements were made in 2009, compared with 95 in 2008.  Total settlement value decreased 21%, from $3.9 billion in 2008 to $3.1 billion in 2009.  The average settlement value in 2009 was 20% less than in 2008.  The Study is full of many other interesting statistics.