SOLUTIONS & PRODUCTS INSIGHTS ABOUT US CLIENT SUPPORT | TALK TO US
BR (NYSE) 117.6 -0.24
SOLUTIONS & PRODUCTS INSIGHTS ABOUT US CLIENT SUPPORT | TALK TO US
BR (NYSE) 117.6 -0.24
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Even amidst the global COVID-19 pandemic, securities litigation in 2020 kept pace with recent market trends, including a continued shift to event-driven litigation and an increased globalization of class action asset recovery opportunities.
2020 brought more than 140 asset recovery opportunities totaling more than $6 billion for investors.
Higher settlements and greater complexity
Global Class Actions in 2020
Settlement amounts are on the rise
The top ten complex settlements account for more than 50% of the year’s total.
50
%
Global asset recovery opportunities rose from $4 billion in 2019 to $6 billion in 2020—a 50% increase—and the average settlement amount doubled compared to 2019*.
*Does not include settlements of ongoing litigation
** Estimated
While the financial sector had the most settlements in 2020, by far the largest individual settlements were in the healthcare sector (Valeant Pharmaceuticals International, Inc. at $1.210 billion) and real estate (American Reality Capital Properties at $1.025 billion).
Complex settlements by sector
Download the Broadridge Annual Global Class Action Report for insights into the most complicated asset recovery opportunities of 2020. Broadridge’s proprietary technology and processes—the backbone of which is our Advocacy Model—enable you to reduce risk, improve the client experience, protect customer data, and increase filing participation.
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10
%
“Honorable Mentions” account for another 10% of the year’s total.
* Does not include settlements of ongoing litigation
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ENERGY
1 settlement
$2,574,891
1 settlement
$1,025,000,000
REAL ESTATE
4 settlements
$276,000,000**
CONSUMER
3 settlements
$541,289,891*
UTILITIES
7 settlements
$947,599,795*
FINANCE
4 settlements
$1,350,000,000
HEALTHCARE
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Numerous Eligible Securities (CUSIPS)
Old Class Period
Complex Loss Calculations
individual CUSIPs
40,000
Bondholder LIBOR Settlements
individual CUSIPs
70,000
GSE Bonds Antitrust Litigation
Numerous Eligible Securities (CUSIPS)
11
years
GSE Bonds Antitrust Litigation
13
years
Bondholder LIBOR Settlements
17
years
USD LIBOR EuroDollar Futures Settlements
Old Class Period
Namaste Technologies, Inc. Securities Litigation
SCANA Securities Litigation
Signet Jewelers Limited Securities Litigation
Complex Loss Calculations
Claims filing in class actions involving securities and financial products is becoming more complex and labor intensive. Processing requirements are onerous, and cases often involve multiple complications that can lead to filing errors and even dismissal of claims.
Administrative challenges are expanding
Freshpet, Inc. Securities Litigation
19-step
calculation
corrective disclosures impact calculations
15
alleged
loss limit tables
different
3
classes with separate calculations
settlement
2
