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Securities class action settlements in 2006 have exceeded all totals from previous years, according to a report released by Cornerstone Research. The $6.6 billion partial settlement in the Enron matter brought the total Enron settlement fund to $7.1 billion, making it the largest securities case settlement fund to date. Excluding Enron and WorldComm ($6.2 billion), the total value of settled cases in 2006 grew to $10.6 billion, topping the 2005 $3.5 billion total by more than 300 percent.
Read the press release. Read the full report from Cornerstone Research.
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