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SEC Settlements Trends: 1H 2010 Update
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Top Settlements
Here are the largest settlements announced by the SEC:
By Company
1. American International Group, Inc. ($800MM)
2. WorldCom, Inc. ($750MM)
View the full list of settlements
By Individual
1. Roys Poyiadjis ($200MM)
2. Charles R. Homa ($193MM)
View the full list of settlements
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Securities Blog Digest
Catch up on the latest securities posts from The D&O Diary,
Securities Litigation Watch, the 10b-5 Daily, and other industry
blogs. Updated weekly.
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Conduct Research Using
SEC Settlements Data
Academic researchers interested in
conducting new research using our SEC Settlements data should contact NERA Senior
Vice President
Dr. Elaine Buckberg. Selected research will be published on this website.
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Download
report
Learn more about the research team:
Elaine Buckberg
Jan Larsen
James Overdahl
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Our latest update reviews settlement data through the first half
of the SEC's fiscal year 2010. According to the report, the SEC settled with 354
defendants in the first half of fiscal year 2010, compared to 328 defendants in
the second half of FY 2009 and 290 in the first half of 2009. The report, SEC Settlements Trends: 1H10 Update notes
that the SEC's settlement activity in the first half of 2010 marks the second consecutive
semiannual increase and third-largest number of settlements in any six-month period
since 2005. While the number of settling defendants has been on an upward trend
over the past year, overall settlement values have remained relatively steady compared
to historical levels.
Read our 1H 2010 update.
NERA has developed a proprietary database of settlements in SEC
enforcement actions by reviewing every litigation release and administrative proceeding
document published from July 31, 2002 through March 31, 2010. Our original
paper, released in November 2008, provides an overview of trends we have
identified in the number of settlements and settlement values in the six years since
the passage of the Sarbanes-Oxley Act (SOX).
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New Study: Trends in Australian Securities Class Actions
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Securities class action filings in Australia set a new record in 2009, according
to a new NERA study that examines for the first time trends in Australian securities
class actions. A key factor in the recent increase in securities class action filings
has been a change in the way securities class action litigation is funded in Australia,
as the emergence of commercial litigation funding has improved the incentive and
ability for investors to participate in class actions. The study, Trends in Australian Securities Class Actions: 1 January 1993
-- 31 December 2009 , is co-authored by Director Greg Houston, Senior Consultant Svetlana Starykh, Analyst Astrid Dahl,
and former NERA Analyst Shane Anderson.
Read
the new study
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