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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 __________________________ 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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Learn more about the research team: Elaine Buckberg Jan Larsen James Overdahl |
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.
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